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

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?

Leave a Reply

Your email address will not be published.