What is the long-run equilibrium price of in this market

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Your weekly costs to producing q units are given by the following equation: C(q)=7+10q+3.5q2 +q3.

With this technology, AC is minimized at approximately q = 1.11. What is the long-run equilibrium price of in this market, given that there are no barriers to entry/exit?

Reference no: EM13770631

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