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ConSider a perfectly competitive market where the demand for the good is given by Q=728-4p. where 0 denotes the quantity demanded at price p. On
ConSider a perfectly competitive market where the demand for the good is given by Q=728-4p. where 0 denotes the quantity demanded at price p. On the supply Side, the good can be produced by identical rms. The total cost of the industry as a function of total output, 0. is given by C(Q) = T Q What is the [long run} equilibrium quantity in this market? [As usual. you must enter a number below. not a ratio, not an expression with symbols...,just a number.)
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