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A market is in perfect competition with the market demand curve. The short-run market supply curve is. There are 100 firms in the market. Each
A market is in perfect competition with the market demand curve. The short-run market supply curve is. There are 100 firms in the market. Each firm in this market therefore faces the following individual demand curve:
a. P = 0.015 - 0.000025Q
b. P = $1.50
c. P = 1.5 - 0.0025Q
d. P =$0.75
e. P=$1.33
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