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Consider the followingconditions: A market with 16 identical firms: Market price= $35, Each firm has a marginal cost(MC) of production of 3q. MC= 3q Calculate

Consider the followingconditions:

A market with 16 identicalfirms:

Market price= $35,

Each firm has a marginal cost(MC) of production of 3q. MC= 3q

Calculate the market producersurplus

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