Find the competitive equilibrium
A competative industry is comprised of 15 identical firms, each with a short-run total cost function of c(q)=722+q(squared)/200. Market demand is 7000-250p=Q(p). Find the competitive equilibrium is?
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With a short-run total cost function of c(q)=722+q(squared)/200. Market demand is 7000-250p=Q(p). Find the competitive equilibrium is?
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