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Market demand is given as QD= 220 - 4P. Market supply is given as QS= 2P + 40. Each identical firm has MC = 0.5Q

Market demand is given as QD= 220 - 4P. Market supply is given as QS= 2P + 40. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What is a firm's average total cost?

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