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Question 1 Imagine many small farms selling strawberries at the Davis Farmers Market, in a setting of perfect competition. Each individual rm faces costs C(q)

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Question 1 Imagine many small farms selling strawberries at the Davis Farmers Market, in a setting of perfect competition. Each individual rm faces costs C(q) : 1092. A. Derive a rm's supply curve. Now assume there are 100 rms selling strawberries at the Davis Farmers Market. B. Derive the market supply curve. Suppose the market demand curve is QD(p) = 1000 5;). C. What are equilibrium price and equilibrium quantity? D. Graph the inverse demand and inverse supply curves for the market and indicate the equilibrium price and quantity. E. What are consumer and producer suprlus

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