There is currently 20 identical firms in a perfectly


There is currently 20 identical firms in a perfectly competitive market. Each firm has a cost function of the form: SC(q)=10q^2+200q+7000. The market demand is P= -4QD+3000.

a) Find the short run equilibrium price, market quantity, and firm quantity.

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Business Economics: There is currently 20 identical firms in a perfectly
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