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Consider a market with (inverse) demand curve D(p) = 70 - p, and firms with a cost function C(y) = 6 y + y^2. Suppose

Consider a market with (inverse) demand curve D(p) = 70 - p,

and firms with a cost function C(y) = 6 y + y^2.

Suppose thatthe market has N = 6 active firms.

The equilibrium quantitity is Q^*is

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