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Competitive Market : The market demand is Q = 2600-100P there are 100 identical firms in...

Competitive Market :

The market demand is Q = 2600-100P

there are 100 identical firms in the market, each with

Total cost TC = 0.25q^2 + 20q + 16

Marginal cost MC = 0.5q + 20

P = market price

Q = market output

q = output of individual firm

A. calculate the market equilibrium price and output.

B. Calculate a firm's profit or loss at the market equilibrium

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