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The long-run cost function of a firm in a perfectly competitive market is given by C(Q)=2,500q-12Q2 +.2Q3, where Q is firm output. Market demand is
The long-run cost function of a firm in a perfectly competitive market is given by C(Q)=2,500q-12Q2 +.2Q3, where Q is firm output. Market demand is given by Qd = 60,000-15P. How many firm will operate in this market in the long run? [Please choose the closest answer]
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645
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