Imagine there is a perfectly competitive market. The market demand and supply are reflected in the following equations: Qd=78−3P Qs=28+2P Determine the price for the firm that wants to enter the...


Imagine there is a perfectly competitive market. The market demand and supply are reflected in the following equations:




Qd=78−3P



Qs=28+2P



Determine the price for the firm that wants to enter the market. Round your answer to the nearest whole number if necessary.



Jun 10, 2022
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