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The semiconductor market consists of 100 identical firms, each with a short-run marginal cost curve SMC(Q) = 4Q. The equilibrium price in the market is

The semiconductor market consists of 100 identical firms, each with a short-run

marginal cost curve SMC(Q) = 4Q. The equilibrium price in the market is $200.

Assuming that all of the firm's fixed costs are sunk, what is the producer surplus of

an individual firm and what is the overall producer surplus for the market?

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