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Assume the supply of a product based on private cost of production is given by 1/2P=Q. If demand is Q=301/2P, what price would exist in

Assume the supply of a product based on private cost of production is given by 1/2P=Q. If demand is Q=301/2P, what price would exist in the market?

Select one:

A.30

B.50

C.10

D.0

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