Problem based on long-run equilibrium


Question:

If a representative firm with long-run total cost given by TC = 50 + 2q + 2q2 operates in a competitive industry where the market demand is given by QD = 1,500 - 40P, in the long-run equilibrium there will how many firms?

Solution Preview :

Prepared by a verified Expert
Microeconomics: Problem based on long-run equilibrium
Reference No:- TGS02098232

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)