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1.Consider a Perfectly Competitive market where the demand is given by P = 6000 - 4Q and the supply is given by P = Q.

1.Consider a Perfectly Competitive market where the demand is given by

P = 6000 - 4Q and the supply is given by P = Q.

a.Calculate the equilibrium price, quantity, total Consumer Surplus, and total Producer Surplus.Show all calculations.

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