1.The market demand for a product is given as:Qd=3850-5P. The product is however produced by 10 different firms such that an individual firm's supply curve is given as: Qs=-140+10P a. Find the market supply function for the product. b. Calculate the equilibrium market price and quantity. c.What is the equilibrium market share for each firm? d.If government fixes the price of the product at &40 per unit , what will be the relationship between quantity demanded and supplied ?

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