Question: 8. Now assume that Menacing Faces is a perfect competitor. At what price and output will Betty Joe be indifferent between the small and the

8. Now assume that Menacing Faces is a perfect competitor. At what price and output will Betty Joe be indifferent between the small and the mid-sized factory? At what price and output will she be indifferent between the mid-sized and the large factory? If she builds the mid-sized or large plant, what will happen in the long run?

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