There are two firms in the market that produce pencils the, Ask an Expert

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There are two firms in the market that produce pencils. The first firm’s marginal cost curve is given by MC1 = 0.055Q, while the second firm’s marginal cost curve is MC2=0.026Q. Society's benefits are given by 250-4.71Q. What is the consumer surplus at the equilibrium price and quantity?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91407596

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