Business, 19.03.2020 20:55, Travisbennington

Suppose the market demand data for the product are as follows:

Price Total Quantity
Demanded
$23.00 19000
28.00 17000
33.00 15000
39.00 13500
44.00 12000
48.00 10500
58.00 9500

Equilibrium price = $46
Equilibrium output = 10,500
7 units for each firm

What will profit be per unit? Per firm?

Answers: 1

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Suppose the market demand data for the product are as follows:

Price Total Quantity