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Long-run equilibrium of the market

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We have a perfectly competitive purified water industry. Each producer has a long-run marginal cost function MC(Q) = 2Q and average cost function AC (Q) = 25/Q + Q . The market demand curve is QD = 200 - 5P.

How many producers are there in the long-run equilibrium of the market?

Reference no: EM132267242

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