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In a perfectly competitive market there is a certain number of identical firms, each with total cost function () = 8 + 4 + (1/2)*^2

In a perfectly competitive market there is a certain number of identical firms, each with total cost function () = 8 + 4 + (1/2)*^2 . The demand function is () = 100(18 ).

Determine the new long-run equilibrium

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