The market supply and dem

The market supply and dem

The market supply and demand curves in a perfectly competitive market are, respectively_Qs= 400+25p and Qd= 700-50pThe representative firm,in this market, has the following cost function:Q^3-7q^2=12Q+5a.find the profit maximizing output of the firmb.find the total profit earned at this level of outputc. how many firms are in the market?

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