Question: Question 3 (5 points): A firm producing widgets has $2000 fixed costs (e.g., rent) and $20 per- unit costs (i.e., it costs $20 to produce

Question 3 (5 points): A firm producing widgets has $2000 fixed costs (e.g., rent) and $20 per- unit costs (i.e., it costs $20 to produce each additional widget). The demand function is given by 5000 50P, 0

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