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1. If a representative firm, with long-run total cost given by TC = 50 + 2q + 2q2, operates in a competitive industry, where the

1. If a representative firm, with long-run total cost given by TC = 50 + 2q + 2q2, operates in a competitive industry, where the market demand is given by Op = 1,410-40, how many firms will exist in this market in the long-run equilibrium

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