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Firm make in the short-run equilibrium

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Reference no: EM132286872

Suppose that there are 120 firms in a market, each with the following cost function:

 

C(q) = 95 + 4q2.

 

Suppose the market demand is

 

D(p) = 1 340 - 39p

 

How much profit does each firm make in the short-run equilibrium?

 

Reference no: EM132286872

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