(Answered) Compute the equilibrium profit

Economics

Question: In the short run, there are currently 180 perfectly competitive firms producing output q. The demand in this market is Qd=1500-20P. The cost function of each firm is C(q)= 20+3q^2. Compute the equilibrium profit of each firm in the short run. How do you approach this problem? Please show steps how you get an answer and please be clear in your explanation.

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