The docking station industry is perfectly competitive. Each firm producing the stations has cost curve given by C = 400 + 20q + q². (You may assume this is both the short-run and the long-run cost curve.) Currently there are 50 firms producing the stations, and the market demand is given by Q = 2000 - 25p. The short-run market equilibrium price is _____.

Group of answer choices

80

60

20

50