There is currently 20 identical firms in a perfectly
There is currently 20 identical firms in a perfectly competitive market. Each firm has a cost function of the form: SC(q)=10q^2+200q+7000. The market demand is P= -4QD+3000.
Explain why this is not a long run competitive equilibrium
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there is currently 20 identical firms in a perfectly competitive market each firm has a cost function of the form
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