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Business, 27.05.2020 10:58 mlguerrero12

Each firm in a competitive market has a cost function of: Upper C equals 49 plus q squared, so its marginal cost function is MC equals 2 q. The market demand function is Upper Q equals 49 minus p. Determine the long-run equilibrium price, quantity per firm, market quantity, and number of firms. The output per firm is nothing. (round your answer to the nearest integer)

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Each firm in a competitive market has a cost function of: Upper C equals 49 plus q squared, so its m...
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