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Market demand is given as Q D = 60 - P . Market supply is given as Q S = 3 P . Each identical

Market demand is given asQ^D= 60 -P. Market supply is given asQ^S= 3P. Each identical firm hasMC= 3QandATC= 1.5Q. What is a firm's profit?

Question 5 options:

$337.50

$67.50

$75.00

$37.50

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