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in a competitive industry has total cost function cjq aq bjq2 where a 0 q is rm output and bj is different for each what governs the amount produced by each

 in a competitive industry has total cost function cj(q) = aq+bjq2, where a > 0, q is ?rm output, and bj is different for each ?rm.(a) If bj > 0 for all ?rms, what governs the amount produced by each of them? Will they produce equal amounts of output? Explain

May 15 2020 View more View Less

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