1. Business
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  3. please answer part a through d thank you...

Question: please answer part a through d thank you...

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Please answer part A through D. Thank you!4. (30 points) Consider a market with demand function D(p)-In (100 p) and supply function S(p:;c) -In(p) -c, where c > 0 is the firms cost. (a) (10 point) Find the equilibrium price as a function of c, p(c). (b) (5 points) Draw the demand and supply functions and identify the market equilibrium points for c In(2) and c = ln(4). (c) (5 points) Draw the function p (c) (d) (10 points) Compute pE (c). If the initial cost is cIn(4), how does the equilibrium price change when the cost goes up by a dollar?

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