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13. Consider a typical firm in a perfectly competitive industry. The firm has a total cost function of TC = 100 + 4q2 (and thus

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13. Consider a typical firm in a perfectly competitive industry. The firm has a total cost function of TC = 100 + 4q2 (and thus MC= 8q). If market demand in this industry is given by Q = 4500 - 100P, how many firms will operate in this industry in the long run equilibrium? 100 100 P= 4500 b. 150 C. 200 D= 41 - d. 250 e. None of the above. 45 -. 4100

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