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A for-profit nursing home has the following demand and cost functions: Pd = 12,000 - 10Q and MR = 12,000 - 20Q Total Cost =

A for-profit nursing home has the following demand and cost functions:

Pd = 12,000 - 10Q and MR = 12,000 - 20Q

Total Cost = 5,000Q + 40Q2 and MC = 5,000 + 80Q

What is the equilibrium quantity and price?

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