Compute the profit levels under each of the three market, Econometrics

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Compute the profit levels under each of the three market

Consider the outputs you have obtained in the preceding question

(a) Compute the profit levels under each of the three market structures.

(b) Can you figure out how many firms would produce at the perfectly competitive output? If not, can you think of a reason?

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Econometrics: Compute the profit levels under each of the three market

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