Purely Competitive Firm Output and Cost Data Output/units per day Total Fixed Cost $20 $20 $20 $20 Total Variable cost $

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Purely Competitive Firm Output And Cost Data Output Units Per Day Total Fixed Cost 20 20 20 20 Total Variable Cost 1 (23.82 KiB) Viewed 19 times

Purely Competitive Firm Output and Cost Data Output/units per day Total Fixed Cost $20 $20 $20 $20 Total Variable cost $30 2 $70 3 $100 4 $120 5 $180 6 $268 The table above provides information for a firm in a purely competitive industry. The table above provides information for a firm in a purely competitive industry. Every firm in this industry has the same cost structure as above. From what you know about these firms' cost structures, what is the highest possible price per unit that could exist as the market price in long-run equilibrium in this industry? $ Please do not input the $ sign. 1 Numeric Response $20 $20