Question: Market demand is given as QD = 200 - 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC

Market demand is given as QD = 200 - 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What is each firm's profit?

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