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25 points Save Answer Industry structure. Ch. 23 and 24 Find below two tables be

ID: 1224282 • Letter: 2

Question

25 points Save Answer Industry structure. Ch. 23 and 24 Find below two tables below depicting two possibilities for the structure of a new industry. The top table depicts information for a typical perfectly competitive firm. It's output, Q, is measured in thousands of units and there are 1000 such firms in the industry. The bottom table depicts a monopoly as the single producer of the same good. The monopolist's output, Q, is measured in millions of units and, of course, it is the only firm in the industry PERFECT COMPETITOR TR TC MC MR Profit 48 NA NA 80 144 224 312 60 10 12 14 16 512 MONOPOLIST

Explanation / Answer

do you requied fill the blanks in two tables

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