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QUESTION
-Consider a perfectly competitive market. The market supply and market demand are given by: QD = 252 - 3P and QS = 3P. Assume the market is in short...
-Consider a perfectly competitive market. The market supply and market demand are given by: QD = 252 - 3P and QS = 3P. Assume the market is in short run equilibrium. What is the price that each competitive firm must take? Show work.
