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Suppose a perfectly competitive market consists of identical firms with the same cost function given by C(q)=5q3- 2q2+ 71q The market demand is QD= 7700
Suppose a perfectly competitive market consists of identical firms with the same cost function given by
C(q)=5q3- 2q2+ 71q
The market demand is
QD= 7700 - 10p
What will be the long-run equilibrium price in this market?
Round your answer to the nearest cent (0.01)
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