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Author Question: The figure below shows an individual firm in a perfectly competitive industry in which all firms ... (Read 78 times)

jojoperlo_

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on: Oct 12, 2022

The figure below shows an individual firm in a perfectly competitive industry in which all firms have joined together to form a cartel. This firm has agreed to restrict its output to 600 units per day and raise its price to $5 per unit.



FIGURE 10-8

Refer to Figure 10-8. Prior to joining the cartel, this firm was operating in a long-run equilibrium. Its output as a perfectly competitive firm was ________ units per day; its price was ________ per unit; and its economic profits were ________ per day.


◦ 600; $5.00; $600
◦ 1200; $5.00; $2400
◦ 1000; $3.00; $0
◦ 600; $4.00; $600
◦ 1000; $5.00; $2000
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jojoperlo_ on Oct 12, 2022

feiojef

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jojoperlo_

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Reply 2 on: Oct 12, 2022
Excellent

mcarey591

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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