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Help 1. Graph the following equations: mc=5 Demand: q=100-10p 2. Solve the above system of equations for the perfectly competitive market clearing price and quantity

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1. Graph the following equations: mc=5 Demand: q=100-10p 2. Solve the above system of equations for the perfectly competitive market clearing price and quantity and add it to the graph. 3. What is allocation efficiency and how does it pertain to perfectly competitive markets? 4. What is productive efficiency and how does it pertain to perfectly competitive markets

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