Suppose an industry has the following data TC q 5q 100 a P 55 2Q If the industry is competitive Calculate price, production quantity and profit b If there is a firm in the industry Calculate price, production quantity and profit Suppose an industry has the following data TC q 5q 100 a P 55 2Q If t...

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Suppose an industry has the following data: TC=q-5q+100 a P=55-2Q If the industry is competitive; Calculate...

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Suppose an industry has the following data: TC=q-5q+100 a P=55-2Q If the industry is competitive; Calculate

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Suppose an industry has the following data: TC=q-5q+100 a P=55-2Q If the industry is competitive; Calculate...

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