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(15 points) Q5. Consider the market demand for coffee is Qd = 20 P and the market supply for coffee is Q3=P. The competitive rm's

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(15 points) Q5. Consider the market demand for coffee is Qd = 20 P and the market supply for coffee is Q3=P. The competitive rm's total cost is 4:]2 a. what is the firm profit maximizing output b. Calculate the total cost c. Calculate economic profit d. Can this be a long run equilibrium? Why

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