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Consider a market that is a Bertrand oligopoly with 5 firms in the market.Each of these firms produce an identical product and each have the

Consider a market that is a Bertrand oligopoly with 5 firms in the market.Each of these firms produce an identical product and each have the same cost function ofC(Q) = 80Q.The inverse market demand for this product isP = 2480 - 2Q.

What is the equilibrium market price?

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