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Romeo and Juliet purchase a product in a perfectly competitive market. Romeo has a demand curve given by Q = 280 - 4P. Juliet's demand
Romeo and Juliet purchase a product in a perfectly competitive market. Romeo has a demand curve given by Q = 280 - 4P. Juliet's demand curve is Q = 1/3(280-4P). Romeo and Juliet are the only buyers of this good and so the market demand curve is given by Q = 4/3(280-4P). The market supply is given by the = 4p
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