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Question: Suppose the market demand data for the product are as follows: What will be the equilibrium price...

1500 is the supply

Show transcribed image text Suppose the market demand data for the product are as follows: What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?

Suppose the market demand data for the product are as follows: What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?