Question: Suppose a firm has a variable cost function VC = 20 Q with avoidable fixed cost of $50,000. For regulators, the first-best regulated price is

Suppose a firm has a variable cost function VC = 20Q with avoidable fixed cost of $50,000. For regulators, the first-best regulated price is ______; the second-best regulated price is ____.(need step by step solution)

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