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5. An industry has nidentical firms. The short-run cost function of a price taking firm is given by C(q)=4q2+100. The market demand curve is Q=600-10p.

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5. An industry has nidentical firms. The short-run cost function of a price taking firm is given by C(q)=4q2+100. The market demand curve is Q=600-10p. a. Find the market equilibrium price and quantity, b. Will there be entry or exit from this industry in the long run? Under what conditions

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