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Suppose there is free entry in the market for microphones. The demand for microphones is given...

Suppose there is free entry in the market for microphones. The demand for microphones is given by: QD= 176-7P. All firms that produce microphones have identical long run average total cost functions given by: ATC = 32/q + 4 + 2q.

Calculate the long run number of firms in this market.

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9 firm in these market

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