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Give the correct answer with detailed explanation and don't copy from internet. Show your work.. Consider a perfectly competitive industry. There are one hundred firms

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Give the correct answer with detailed explanation and don't copy from internet.

Show your work..

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Consider a perfectly competitive industry. There are one hundred firms int he industry with an identical cost structs: Fixed cost is FC = 319, variable cost is VC(q) = 81 +100q+q2' and marginal cost is MC(q) = 100 +2q, where q is the firm's output. Market demand is estimated to be OD: 5000 25P. The (equilibrium) market price in the short run is closest to a. 118 b. 133.33 C. 140 D. 144.33

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