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The market for window washing services is perfectly competitive. It has market demand, Q d(Pd) = 1,000 - 4Pd. It is comprised of 100 window
The market for window washing services is perfectly competitive. It has market demand, Q d(Pd) = 1,000 - 4Pd. It is comprised of 100 window washing firms with identical costs, C(q)) = 72+29, +89;. The current market-clearing price and quantity (market equilibrium) is windows washed for a price of $ Each window washer makes an economic profit (TT ) of $ (include negative sign if it's a loss). Industry equilibrium would occur at a market price of $ caused because window washers (entered/exited) the market. Round all prices to nearest penny. Quantities to nearest whole unit
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