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Suppose a single firm produces all of the output in a contestable market. Analysts determine that the market inverse demand function is P=4002Q, and the

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Suppose a single firm produces all of the output in a contestable market. Analysts determine that the market inverse demand function is P=4002Q, and the firm's cost function is C(Q)=20Q. Determine the firm's equilibrium price and corresponding profits. Price: $ Profits: \$

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