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(Solved): The monthly average variable costs, average total costs, and marginal costs for Alpacky, a typical ...
The monthly average variable costs, average total costs, and marginal costs for Alpacky, a typical alpaca wool-manufacturing firm in Peru, are shown in the table below. All firms in the industry share the same costs as Alpacky, and the industry is in long-run equilibrium. Instructions: Round your answer to two decimal places. Given that the market is in long-run equilibrium, the market price is: \( \$ \)