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New York citythere are 80 firms in the industry ...

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Accounting

New York citythere are 80 firms in the industry
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der pertecly competitive market for wheat in New York City. There are 80 firms in the industry, each of which has the cost curves shown on the following graph: 100 90+ MC 80 s 70 60 50 40 8 30 AVC 20 t 10 0 5 10 15 20 25 30 35 40 45 50 OUTPUT (Thousands of bushels)

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