Problem
LAC is given as ?? + 100/?? . LMC is given as 2Q.
(i) Find individual firm's production when it is long term equilibrium.
(ii) When market demand is ?? = 5000 - 100??, find market equilibrium quantity and number of firms.
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.