Assume that in a different competitive industry there are 8, Econometrics

+44 141 628 6080
[email protected]

Assume that in a different competitive industry there are 8

Assume that in a different competitive industry, there are 8 firms, each with a marginal cost equal to
MC = 20-10q +q^2

Average cost is minimized at q = 10 and AVC is minimized at q = 8 for each of these firms. Demand for the product is P = 100-QD

a. Is this industry in long-run competitive equilibrium?

b. A new trade policy will open this industry to foreign competition for the first time. The world price is $10 (i.e., there is an unlimited quantity available to consumers at $10 each). What will be the effect on the number of domestic firms operating in the short run? In the long run?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Assume that in a different competitive industry there are 8

Reference No:- TGS0577227

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Econometrics

Q : Assume that there are a large number of identical firms in

Assume that there are a large number of identical firms in a competitive industry, each with the cost function: TC = 25+4q+q2 a. What is the minimum price at which firms will continue operating in the short run In the long run

Q : Two capacitors c1 40mf and c2 90mf are in series find

Two capacitors, C1 = 4.0mF and C2 = 9.0mF , are in series, Find the potential difference across second capacitor and Find the charge stored on the second capacitor

Q : A city is concerned about rising rent for low-income

A city is concerned about rising rent for low-income households. Several policies being considered. Suppose there are a large number of construction companies, each with the identical cost function for building low-cost houses

Q : Imagine that you send out a light flash at t60 s as

Imagine that you send out a light flash at t=6.0 s as registered by your clock, At what time did your brother actually make this silly face and How far is your brother away from you

Q : Assume that in a different competitive industry there are 8

Assume that in a different competitive industry, there are 8 firms, each with a marginal cost equal to MC = 20-10q +q^2 Average cost is minimized at q = 10 and AVC is minimized at q = 8 for each of these firms. Demand for the product is P = 100-QD

Q : Of the several landfill alternatives which are preventative

Of the several landfill alternatives, which are preventative? Which take up the least space? Explain

Q : There are 300 purely competitive farms in the local dairy

There are 300 purely competitive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generates profits of $24 for every $300 invested. What is their percentage rate of return

Q : The fastest pitched baseball was measured at 46 ms what

The fastest pitched baseball was measured at 46 m/s, what force did he produce on the ball during this record-setting pitch

Q : The dissociation equilibrium constants for the protonated

The dissociation equilibrium constants for the protonated form of alanine (a diprotic amino acid H2X+) are ka1=4.6 x 10^-3 and ka2= 2.0 x 10^-10 What is the pH of 50.00 mL of a 0.100 M solution of alanine after 100.00 mL of 0.100 M NaOH has been a

1952735

Questions
Asked

3,689

Active Tutors

1453362

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Assume that in a different competitive industry there are 8

Reference No:- TGS0577227

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : Assume that there are a large number of identical firms in

Q : Two capacitors c1 40mf and c2 90mf are in series find

Q : A city is concerned about rising rent for low-income

Q : Imagine that you send out a light flash at t60 s as

Q : Assume that in a different competitive industry there are 8

Q : Of the several landfill alternatives which are preventative

Q : There are 300 purely competitive farms in the local dairy

Q : The fastest pitched baseball was measured at 46 ms what

Q : The dissociation equilibrium constants for the protonated

Investigate the cause of the recent werewolf attacks

Describe marxist theory and psychology of addiction

Explain framers decisions in creating the constitution

Federal bureaucracy has to put up with a lot of red tape

What power of recognition when it comes to office president

What right ordinance power give to the president

Analyze leadership of organization during particular event

Request for Solution File

Ask an Expert for Answer!!

Econometrics: Assume that in a different competitive industry there are 8

Reference No:- TGS0577227

Recent Questions Asked Econometrics

Q : Assume that there are a large number of identical firms in

Q : Two capacitors c1 40mf and c2 90mf are in series find

Q : A city is concerned about rising rent for low-income

Q : Imagine that you send out a light flash at t60 s as

Q : Assume that in a different competitive industry there are 8

Q : Of the several landfill alternatives which are preventative

Q : There are 300 purely competitive farms in the local dairy

Q : The fastest pitched baseball was measured at 46 ms what

Q : The dissociation equilibrium constants for the protonated

Asked Questions