In short run competitive equilibrium what is market price

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Reference no: EM13238189

Suppose that 500 identical firms face have total costs given by
C(q)=0.25q^2+30q+1600

and the market demand is given by

D(p)=120,000-250p.

Assuming that all fixed costs are unavoidable. In short run competitive equilibrium, what is the market price? Output per firm and Profit for each firm?

Reference no: EM13238189

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