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in 2008 the box industry was perfectly competitive.

in 2008 the box industry was perfectly competitive. the lowest point on the long run average cost curve of eachof the identical box producers was $4 and this minimum point occured at an output of 1000 boxes per month the market demand curve for boxes was Qd = 140000-10000p where p was the price of the box and Qd was the quantity of the boxes demanded per month. the market supply curve for the boxes was Qs = 80000+5000p where Qs was the quantity supply for the boxes per month. a> what was the quilibrium price of a box? is this the long run equilibrium price? b> how many firms are in this industry when it is in long run equilibrium?

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