The market for paper is perfectly competitive and there are 1,000 firms that produce paper. The first
Question:
a. What is the market price of paper?
b. What is the market€™s output?
c. What is the output produced by each firm?
d. What is the economic profit made or economic loss incurred by each firm?
In problem 7
![The market for paper is perfectly competitive and there are](https://dsd5zvtm8ll6.cloudfront.net/si.question.images/image/images9/684-B-E-E-P(847).png)
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