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Assume quantities need not be integers. Market demand is MWTP = 56 - Q . Each firm in a constant-cost industry has total costs TC(q)=F

Assume quantities need not be integers. Market demand is MWTP = 56 - Q. Each firm in a constant-cost industry has total costs TC(q)=F +q2 and marginal costs MC(q)=2q. If there are currently 12 firms in the market, what is short-run equilibrium price?

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