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QUESTION

Suppose each firm in an industry is characterized by the cost function C(Q) = 2Q + 500. If the entire industry demand for the product is569 units.

Suppose each firm in an industry is characterized by the cost function C(Q) = 2Q + 500. If the entire industry demand for the product is 569 units. The average per unit cost savings having one firm produce all of the units rather than two firms split production is ____?

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