Consider an industry with 9 identical firms, each facing a demand Q = 25,000 x [1/9-1/20 (p -p)], where Q is the output level by the firm, p is the price charged by the firm and p is the average price in the industry. Suppose each firm has a fixed cost 7500 and a marginal cost 40. When there is no entry or exit of any firm, what is the profit level of a firm in a symmetric equilibrium? (Round your answer to the nearest integer.) Your Answer: Answer

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