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Let’s say that there are 25 firms in a (perfectly competitive) market each with an inverse short-run supply curve of P = 1.25q + 12.5. If the market demand curve equals Q= 750 - 30P, what is equilibrium price and quantity, and how much does each individual firm produce in equilibrium?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720577

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