Consider the partial equilibrium setting in which the, Econometrics

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Consider the partial equilibrium setting in which the

Consider the partial equilibrium setting in which the market inverse demand is given by p(y)=90-2y. Consider that there is a representative firm whose cost function is given by c(y)=4y^2.

Suppose the representative firm behaves as a price-taker. What are the price and quantity in competitive equilibrium? How much are consumer and producer surplus?

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Econometrics: Consider the partial equilibrium setting in which the

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Econometrics: Consider the partial equilibrium setting in which the

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Econometrics: Consider the partial equilibrium setting in which the

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