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Three firms operating in a competitive market environment have the following supply functions: S1(p) = 4p - 12 S2(p) = p - 11 S3(p) =

Three firms operating in a competitive market environment have the following supply functions:

S1(p) = 4p - 12

S2(p) = p - 11

S3(p) = 8p - 48

At what price does firm 2 enter the market?

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