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A market participant engaged in virtual bidding takes a long position in the day-ahead market where the LMP is $35 per MWh. In order to

A market participant engaged in virtual bidding takes a long position in the day-ahead market where the LMP is $35 per MWh. In order to close out the virtual position, the market participant takes a short position in the real-time market where the price winds up being $50/MWh. Calculate the profits for this market participant.

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