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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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