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please solve asap Suppose the market consist of 500 identical rms, and the market demand is given by Q = 50 P . Each rm

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please solve asap

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Suppose the market consist of 500 identical rms, and the market demand is given by Q = 50 P . Each rm has a short run total cost curve STC = 0.3 + 25002. 1) What is the short run equilibrium price in this market? (5 marks) 2) What is the prot maximizing quantity for each rm

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