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Assume that the market for rental cars for business purposes is perfectly competitive, with the demand for this capital input given by K=1500-25v, and the

Assume that the market for rental cars for business purposes is perfectly competitive, with the demand for this capital input given by K=1500-25v, and the supply is given by K= 74v-500 where K represents the number of cars rented by firms and v is the rental rate per day. What will be the equilibrium levels for v and K in this market?

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