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A perfectly competitive industry consists of many identical firms, each with a long-run average total cost of LATC = 800 - 10 Q + 0.1

A perfectly competitive industry consists of many identical firms, each with a long-run average total cost ofLATC= 800 - 10Q+ 0.1Q2and long-run marginal cost ofLMC= 800 - 20Q+ 0.3Q2. In long-run equilibrium, the market price is $____.

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