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The market demand curve for a perfectly competitive industry is QD = 25 P . The market supply curve is QS = 5 + 4

The market demand curve for a perfectly competitive industry is QD = 25 P. The market supply curve is QS = 5 + 4P. The market will be in equilibrium if

P = 5 and Q = 20.

P = 2 and Q = 16.

P = 5 and Q = 10.

P = 4 and Q = 21

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