given


Given equation:

TC=1/8q^3-1.5Q^2+11.5Q

P=37-0.01q(demand)

p=1+0.01q(supply)

Questions

1. What would be the long run price and quantity for this firm in a competitive market?

2. In the long run how many firms are in the industry?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: given
Reference No:- TGS0491126

Expected delivery within 24 Hours