Is the firm in Question 3 a perfectly competitive firm? Explain your answer. Firm X Firm Y
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Is the firm in Question 3 a perfectly competitive firm? Explain your answer.
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Firm X Firm Y Firm Z Cost of eliminating: First ton of pollution Second ton of pollution $200 $500 $1,000 300 700 2,000 Third ton of pollution 400 800 2,900 Fourth ton of pollution 500 900 3,400
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