In the paper market, the demand for paper decreases. The table above shows the new market paper demand schedule. The market is perfectly competitive and each company has the costs shown in the table below. There are 1000 companies in the market. What is the market price and the company's economic profit or loss in the short term? The market price is ______ per box, and each company _______. Price (dollars per box)

Precio (dollars per box)	Required quantity (thousands of boxes per week)
2.95	500
4.13	450
5.30	400
6.48	350
7.65	300
8.83	250
10.00	200

Amount (boxes per week)	Marginal cost (dollars per additional box)	Average variable cost	Average total cost
		(dollars per box)
200	6.40	7.80	12.80
250	7.00	7.00	11.00
300	7.65	7.10	10.43
350	8.40	7.20	10.06
400	10.00	7.50	10.00
450	12.40	8.00	10.22
500	20.70	9.00	11.00

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ANSWER If the market is perfectly competitive every firm produce... View the full answer