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The Demand Function for a Product Sold by a Monopolistically QD=210PQ D = 210 - P

Question 71

Essay

The demand function for a product sold by a monopolistically competitive firm is given below:
QD=210PQ D = 210 - P
The firm's marginal cost function is given below:
MC=10+2QM C = 10 + 2 Q
Calculate the equilibrium price and quantity.

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