Suppose that 500 identical firms face have total costs, Econometrics

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Suppose that 500 identical firms face have total costs

Suppose that 500 identical firms face have total costs given by
C(q)=0.25q^2+30q+1600

and the market demand is given by

D(p)=120,000-250p.

Assuming that all fixed costs are unavoidable. In short run competitive equilibrium, what is the market price? Output per firm and Profit for each firm?

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Econometrics: Suppose that 500 identical firms face have total costs

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Econometrics: Suppose that 500 identical firms face have total costs

Reference No:- TGS0576911

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

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Econometrics: Suppose that 500 identical firms face have total costs

Reference No:- TGS0576911

Recent Questions Asked Econometrics

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