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Find the market equilibrium point for the following demand and supply functions below, where p is price per unit and q is the number of units produced and sold.
Demand: Supply:
Risk Averse
A tendency to prefer options that have fewer risks and more certain outcomes.
Net Earnings
The profit (or loss) of a business after all expenses have been deducted from revenues.
Probability
A measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.
Net Earnings Per Share
A financial ratio calculated by dividing the net income of a company by the average number of its outstanding shares, indicating the company's profitability per share.
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