How many units of the toy would be sold, Microeconomics

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How many units of the toy would be sold

Problem: Suppose that the Big Toy company is the sole producer of a new trendy toy. Demand for this new toy is given by q=26-0.7p, where q is the number of units of the toy that consumers are willing to buy at price p. The total cost for the Big Toy company of producing q units of the new toy is 0.4q²+56.

A. If this were a competitive market, how many units of the toy would be sold?

B. If this were a competitive market, what would be the price of the toy?

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Microeconomics: How many units of the toy would be sold

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Microeconomics: How many units of the toy would be sold

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