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Consider a perfectly competitive industry in which each firm has a cost curve given by C = 400 + 100q + q2. (You may assume

Consider a perfectly competitive industry in which each firm has a cost curve given by C = 400 + 100q + q2. (You may assume this is both the short-run and the long-run cost curve.) Currently there are 60 firms, and the market demand is given by Q = 6000 - 30p.

Calculate the number of firms in long-run equilibrium:_____

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