Question: The monthly average variable costs, average total costs, and marginal costs for Alpacky, a typical alpaca wool manufacturing firm in Peru, are shown in the
The monthly average variable costs, average total costs, and marginal costs for Alpacky, a typical alpaca wool manufacturing firm in Peru, are shown in the table below. All firms in the industry share the same costs as Alpacky, and the industry is in long-run equilibrium. What is the market price? Instructions: Round your answer to the nearest cent. The market price is $
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