Use this information for this and the next question: The market inverse demand curve is given by P(Q) = 100 - 0.02Q, where Q is the total output in the industry. The dominant firm in this industry has costs given by TC(q) = 40q. In addition, there are 25 small firms. These firms are known as the 'competitive fringe' of the market. These small firms all take as given the price established by the dominant firm in the industry. All small firms have the same cost function: TC = 60q + q2. If the dominant firm's quantity is 1000 units, the market price will be a) 80 B) 70 C) 75 D) 85 E) None of the above

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