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This is about perfect competition: Each of 10 firms in a given industry has the costs given in this table:
This is about perfect competition:Each of 10 firms in a given industry has the costs given in this table:Total Cost1224273139537399The market demand schedule is given in the table below:Quantity Demanded110100908070605040A. What is the marekt equilibrium price and the price each firm gets for its product?B. What is the equlibrium market quantity and the quantity each firm produces?C. What profit is each firm making?D. Below what price will firms begin to exit the market?