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The inverse market demand is given by (P = 150 - 2Q) If the

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The inverse market demand is given by (P = 150 - 2Q)
If the incumbent continues to produce 10 units of output . . . Which of the following equations best summarizes the potential entrant's residual demand curve?

I) P = 130 - 2Q
II) P = 150 - 4Q
III) P = 130 - Q
IV) P = 140 - 2Q
V) P = 75 - 0.5Q

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