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Calculate price, output and profit for the long run equilibrium (with and without product differentiation) Given: D1= $31,000- $17.7Q TC = $650,000 + $5,000Q +

Calculate price, output and profit for the long run equilibrium (with and without product

differentiation)

Given: D1= $31,000- $17.7Q

TC = $650,000 + $5,000Q + $12.5Q2

Consider the following graph, (graph 1) for the short run equilibrium for a monopolistically competitive firm producing air-conditioning units for commercial operations.

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