Each of the 8 firms in a competitive market has a cost function of C=5+q?. The market demand function is Q= 360 - p. Determine the equilibrium price, quantity per firm, and market quantity. The equilibrium price is $. (Enter your response as a whole number.)

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Each of the 8 firms in a competitive market has a cost function of
C=5+q°.
The market demand function is
Q = 360 – p.
Determine the equilibrium price, quantity per firm, and market quantity.
The equilibrium price is $. (Enter your response as a whole number.)
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Transcribed Image Text:Each of the 8 firms in a competitive market has a cost function of C=5+q°. The market demand function is Q = 360 – p. Determine the equilibrium price, quantity per firm, and market quantity. The equilibrium price is $. (Enter your response as a whole number.) DEC tv 13 MacBook Air DII 80 esc F5 F6 F7 FB F3 F4 F1 @ # $ % & 1 3 4 6 7 8. Q W E IT Y tab F caps lock C V ft fn つ つ エ リ
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