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(e) [3 marks] Suppose there are 40 identical firms like Carmaker who act as price takers and the market demand for small cars is given

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(e) [3 marks] Suppose there are 40 identical firms like Carmaker who act as price takers and the market demand for small cars is given by Q = 26000 p if p 5 26000, and 0 otherwise. Complete the table. Equilibrium price in the small car industry Number of cars sold by Carmaker Emission intensity for each individual firm (i.e., emission per unit of output, 5)

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