Assume that there are 100 identical company in the perfectly competitive cabbage industry. Each firm has a short-run total cost curve given by ST C = 0.5Q2 − 10Q + 300. Solve the following: 1. Assume the market demand curve is given by Q = 1500 − 50P, What is the equilibrium in this market? 2. What is each company's total short-profit? 3. Graph your results

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