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Firms in the perfectly competitive widget industry have access to technology that allows them to produce widgets at a cost of C(q) = 100 +

Firms in the perfectly competitive widget industry have access to technology that allows them to produce widgets at a cost of C(q) = 100 + q^2 . Demand for widgets is Q = 4000 - 50P. The industry is currently in a long-run competitive equilibrium. What is the price?

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