What quantity will each firm produce at the given price, Microeconomics

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What quantity will each firm produce at the given price

Problem

Now consider what will happen in this industry in the very long run - with technological change. The total cost curve becomes TC = 225 + 10Q + (1/4)Q². The MC remains unchanged, and the minimum of the ATC now occurs at a value of $25.

(a) What is the price in the market in this new long run, and what quantity is traded?

(b) What quantity will each firm produce at this price?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What quantity will each firm produce at the given price

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