Each of the 1010 firms in a competitive market has a cost function of Cequals=1010plus+q squaredq2. The market demand function is Qequals=240240minus−p. Determine the equilibrium price, quantity per firm, and market quantity. Part 2 The equilibrium price is $enter your response here. (Enter your response as a whole number.) Part 3 The quantity per firm is qequals=enter your response here units. (Enter your response as a whole number.) Part 4 The market quantity is Qequals=enter your response here units.
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