Perfect Competition
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When I worked out part a of the problem I got a quantity of 3 as the profit maximizing level of output, but when I plugged that into the profit equation I got a
-32 so I'm thinking that this may be incorrect.
I also went ahead and attempted to work part b. I came up with 40 firms to supply the market, but this is based off the quantity of 3 that I got from part a.
As for part c and d, i am just completely clueless. I don't even know what numbers to use.
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