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What is the market short run equilibrium price and quantity

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Reference no: EM13877092

Assume a competitive industry consists of 300 firms each with the following cost function:

TC = Q3:- 10Q2:+ 45Q + 100

If the market demand function is Qd = 4000 - 20P

what is the market short run equilibrium price and quantity?

Reference no: EM13877092

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