An industry consists of a dominant firm with costs cqd2qd, Business Economics

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An industry consists of a dominant firm with costs cqd2qd

An industry consists of a dominant firm with costs C(Qd)=2Qd and 4 identical fringe firms, each with costs c(q)=1+q^2. Market demand is Q=24-p. Derive the residual demand for the dominant firm. Sketch the demand, supply of the fringe, and the rsidual demand. Suppose the dominant firm allows fringe to produce. What are the equilibrium price and output of each of the firms? What is the dominant firm's demand elasticity in the equilibrium?

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Business Economics: An industry consists of a dominant firm with costs cqd2qd

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Business Economics: An industry consists of a dominant firm with costs cqd2qd

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