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Posted: **Wed Mar 09, 2022 8:34 am**

: Each Firm In A Perfectly Competitive Industry Has Total Costs C Q2 N 16 Market Demand Is Q 24 2p Government 1 (33.94 KiB) Viewed 31 times

Each firm in a perfectly competitive industry has total costs c = q2 - n + 16. Market demand is Q = 24 – 2p. Government introduces a tax of t = 1 dollar per unit. After entry/exit there will be n2 firms in this industry.