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5. Consider a competitive market with identical firms with costs… 5. Consider a competitive market with identical firms with costsTC(Q) = 5+Q2. Here 5 is the fixed cost for entering the market and. Demand isgivenbyQD =150-P.A. Find the equilibrium price and quantity as a function of the number of firms NB. How many firms will enter the market? Business Economics ECON 335

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