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A market is in perfect competition with the market demand curve Q D =800-400P.Theshort-run market supply curve is Q S = 600P. There are 100
A market is in perfect competition with the market demand curve QD=800-400P.Theshort-run market supply curve is QS= 600P. There are 100 firms in the market. Each firm in this market therefore faces the following individual demand curve (where P is graphed on the vertical axis and Q is graphed on the horizontal axis):
a. P =$0.80
b. P = 0.8-0.001Q
c. P = 0
d. P = 2 - 0.000025Q
e. P = 2 - 0.0025Q
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