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The demand curve and supply curve for carpet cleaning in the local market are: OD = 1,000 - 10P Qs = 640 + 2P The

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The demand curve and supply curve for carpet cleaning in the local market are: OD = 1,000 - 10P Qs = 640 + 2P The long-run cost function for a carpet cleaning business is: TC =27+ 30 o. If the carpet cleaning business is competitive, calculate the optimal output and profit for each firm. b. How many firms are in the local market? c. How many firms will there be in the long run equilibrium

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