&ref

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Perfect Competition

See my post here for this applet's details.

Mode

pmkt=60p_{mkt} =60

peq=60.85119791515859p_{eq} =60.85119791515859

pmin=55.14677965740265p_{min} =55.14677965740265

Profit per unit: peqpmkt=0.8511979151585933p_{eq} - p_{mkt} = 0.8511979151585933

Economic state? Approximately Normal Profit

Should the firm shutdown in the short run? No.