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In a competitive industry, each firm has the total cost function c(y) = y 2 + 4, where There is the production of each company.

In a competitive industry, each firm has the total cost function c(y) = y2 + 4, where

There is the production of each company. The industry demand curve is given by

Y = 120 - p, where Y is the total output of the industry. Find the long-term balance of this

industry (number of firms, output per firm, total output in the industry and prices).

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