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The market inverse demand function is p 250 -5q and the

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Suppose a single firm produces all of the output in a contestable market. The market inverse demand function is P = 250 -5Q, and the firm's cost function is C(Q) = 6Q. Determine the firm's equilibrium price and corresponding profits.

Price

Profits

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Business Economics: The market inverse demand function is p 250 -5q and the

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