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[Q: 8-3900432] The long-run total cost function of one of the identical firms in a perfectly competitive market is TC(q) = 35q - q2 +0.01q.
[Q: 8-3900432] The long-run total cost function of one of the identical firms in a perfectly competitive market is TC(q) = 35q - q2 +0.01q. The market direct demand curve is Q(P) = 7,500 - 190P. What are the long-run equilibrium price, market quantity, and number of firms? The long-run equilibrium price, P, is $ . (Enter your response as a whole number.) At this price, the market quantity demanded, Q, is . (Enter your response as a whole number.) There will be firms in the long-run equilibrium. (Enter your response as a whole number.)
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