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Can you please help me find the firm's short run supply curve ? 3. (35 points) Suppose there are 100 identical firms in a perfectly

Can you please help me find the firm's short run supply curve ?

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3. (35 points) Suppose there are 100 identical firms in a perfectly competitive industry, each having short-run total costs given by STC = 0.5q' + 10q + 5, (2) where q is the output of each firm. (a) (10) Calculate the firm's short-run supply curve with q as a function of market price (P). (b) (6) What is the short-run supply curve for the industry as a whole? (c) (7) Suppose the market demand is given by Q = D(P) = 1100 - 50P. What will be the short-run market equilibrium price and quantity? 3 (d) (12) What will each firm's total short-run profits be

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