Each of 1000 identical firms in the competitive peanut butter Each of 1000 identical firms in the…

Each of 1000 identical firms in the competitive peanut butter
Each of 1000 identical firms in the competitive peanut butter industry has a short- run marginal cost curve given by
SMC = 4 + Q
If the demand curve for this industry is
P = 10 – 2Q/1000
What will be the short- run loss in producer and consumer surplus if an outbreak of aflatoxin suddenly makes it impossible to produce any peanut butter?

Each of 1000 identical firms in the competitive peanut butter

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