Thereare large numbers of sports industries which are, Econometrics

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Thereare large numbers of sports industries which are

Thereare large numbers of sports industries which are producingfootballs and they are competing with each other with respect toprice as well as quality. Suppose that the marginal cost ofproducing footballs is $20 per football and each industry iscapable of producing 100 footballs a day. And the demand functionfor the footballs each day be

D(P) = 2000-50P

What is the perfectlycompetitive price of a football?

How many footballs will bedemanded by consumers per day?

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Econometrics: Thereare large numbers of sports industries which are

Reference No:- TGS0581976

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Econometrics: Thereare large numbers of sports industries which are

Reference No:- TGS0581976

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

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Ask an Expert for Answer!!

Econometrics: Thereare large numbers of sports industries which are

Reference No:- TGS0581976

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