The treadmill market is a competitive industry with


The treadmill market is a competitive industry with long-run economic costs. Provided the following information, what is the long-run equilibrium price in this industry?

CLR(q)=32+2q2

MC = 4q

Avg. Cost = 32/q+2q.

Solution Preview :

Prepared by a verified Expert
Business Management: The treadmill market is a competitive industry with
Reference No:- TGS01669866

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)