System of equations for a product

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Reference no: EM13800429

Suppose the following system of equations for a product:

MWTP = 100-2QD, MC = 0.5QS

a. Solve for the socially efficient equilibrium.

b. When P=30, what will be happening to the market? Explain.

c. When P=10, what will be happening to the market? Explain

Reference no: EM13800429

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