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Question 4 Homework . Unanswered A perfectly competitive market currently has 1000 firms and the current price for the product is $6. The firms in

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Question 4 Homework . Unanswered A perfectly competitive market currently has 1000 firms and the current price for the product is $6. The firms in the market (and potential entrants) have the same cost structure, and the following equations describe the costs a typical firm faces: TC = 0.01q2 + 4q + 256, and MC = 0.02q + 4 What is the current market quantity? Type your numeric answer and submit Please type your answer to submit

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