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28.A firm's short-run supply curve is given in the following table: Output Marginal Cost 1 50 2 100 3 150 4 200 5 250 The

28.A firm's short-run supply curve is given in the following table:

Output Marginal Cost
1 50
2 100
3 150
4 200
5 250

The firm is selling its product in a perfectly competitive market, where there are 25 identical firms and the market demand curve is given bythe table below:

Price Quantity Demanded
0 900
50 700
100 500
150 300
200 100
250 0

What is the market equilibrium price and quantity?

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