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a. If P = $4, How many units will each firm supply to maximize profit. How much is the profit? b. Is the Market in

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a. If P = $4, How many units will each firm supply to maximize profit. How much is the profit? b. Is the Market in Long-Run equilibrium at this price? If Not, what will happen to the market price and quantity supplied by each firm as the market moves to Long-Run equilibrium? c. At what level of price, would the market he in Long-Run equilibrium

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