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Determine the number of firms the market will sustain (N*) and the LR product price (P*) #1 Representative Firm #2 Market Demand A TC(q) =

Determine the number of firms the market will sustain (N*) and the LR product price (P*)

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#1 Representative Firm #2 Market Demand A TC(q) = 0.5q2 + 10q +50 MC(q) = q+10 6 Q (P) = 4000 - 0.1P

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