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Consider a market for electric vehicles with demand given by D(p)-100-p. Suppose in addition to Xiaoniu, another firm, Aima, also produces electric vehicles. The

Consider a market for electric vehicles with demand given by D(p)-100-p. Suppose in addition to Xiaoniu, another firm, Aima, also produces electric vehicles. The cost function for Aima is given by c(y)=30y. If Xiaoniu and Aima simultaneously set output levels, how many vehicles will be produced by each firm in equilibrium? What is the equilibrium price?

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