What is the equilbrium number of firms in the market, Microeconomics

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What is the equilbrium number of firms in the market

The long-run average cost curve for a firm in an industry is:

ATC = 10Q2 - 50Q + 100, and its marginal cost is:
MC = 30Q2 - 100Q + 100.

Market Demand is given by:

Qd = 9000 - 200Pmkt

a) In the long-run equilibrium, how much will each firm produce?
b) What is the market equilibrium price?
c) What is the equilbrium number of firms in the market?

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Microeconomics: What is the equilbrium number of firms in the market

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Microeconomics: What is the equilbrium number of firms in the market

Reference No:- TGS046879

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Microeconomics: What is the equilbrium number of firms in the market

Reference No:- TGS046879

Recent Questions Asked Microeconomics

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Q : What is the dollar value of the gain or loss

Q : Determine equilibrium price and quantity bottled water

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