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1. Assume that the market supply curve is P = 3 + 0.1Q5 and the market demand curve is P = 100 Qd. Assume that

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1. Assume that the market supply curve is P = 3 + 0.1Q5 and the market demand curve is P = 100 Qd. Assume that a typical rm in this market has TC : 5 + 69+ 992, with MT? 2 6+ 189. (5 points) How much prot does the rm earn in the short run? (f) (5 points) Assume that demand falls in the market, causing the market price to fall to 5 per unit. How much will this rm produce in the short-run

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