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Assume the supply of a product based on private cost of production is given by 12=12P=Q. If demand is =3012Q=3012P, what price would exist in
Assume the supply of a product based on private cost of production is given by 12=12P=Q. If demand is =3012Q=3012P, what price would exist in the market?
Select one:
A.0
B.30
C.10
D.50
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