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Question

# If my table represents one firm, how would I construct a table for 100 companies?How would I calculate

graphically what would happen to the # of firms in the industry/equilibrium price over time of widgets?

Widgets
Fixed Variable
Total
Average | Average | Marginal , Price
Profits
Produced
Costs
Costs
Costs
Variable
Total
Cost
= MR
Cost
Cost
O
25
0
25
0
0
0
10
-15
25
8
33
8.00
33.00
8.00
10
-23
25
15
40
7.50
20.00
7.00
10
-20
25
23
45
7.67
16.00
8.00
10
-15
25
32
57
8.00
14.25
9.00
10
-17
25
42
67
8.40
13.40
10.00
10
-17
25
53
78
8.83
13.00
11.00
10
-18
25
65
90
9.29
12.86
12.00
10
-20
25
78
103
9.75
12.88
13.00
10
-23
25
92
117
10.22
13.00
14.00
10
-27

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