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17. Note: refer to the table on the previous page for # 17 and 18. If there are 100 identical firms in industry X and

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17. Note: refer to the table on the previous page for # 17 and 18. If there are 100 identical firms in industry X and the market demand is as indicated below, what is the equilibrium price? Price Quantity Demanded $50 700 546 1100 535 1600 526 1800 $14 2200 (a) $46 (b) $35 (c) $26 (d) $14

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