Suppose market demand is Q = 1000 – 4p. If all firms have LRAC = 50 – 5q + q2, how many identical firms will there be when this industry is in long-run equilibrium?
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Suppose market demand is Q = 1000 – 4p. If all firms have LRAC = 50 – 5q + q2, how many identical firms will there be when this industry is in long-run equilibrium?