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Make in the short-run equilibrium

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Reference no: EM132285487

Suppose that there are 120 firms in a market, each with the following cost function:

C(q) = 95 + 4q2.

Suppose the market demand is

D(p) = 1 340 - 39p

How much profit does each firm make in the short-run equilibrium?

Reference no: EM132285487

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