Question: Please be clear with the writing Question 2.1 If a consumer demand function is given as Q = 120-0.5P and the marginal cost is constant

Please be clear with the writing Question 2.1 If a consumer

Please be clear with the writing

Question 2.1 If a consumer demand function is given as Q = 120-0.5P and the marginal cost is constant at $40, what would be the static efficient quantity of production and consumption? Show your calculations

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