Business, 18.07.2020 04:01, reese12345

Each firm in a competitive market has a cost function of: Upper C equals 25 plus q squared, so its marginal cost function is MC equals 2 q. The market demand function is Upper Q equals 35 minus p. Determine the long-run equilibrium price, quantity per firm, market quantity, and number of firms.

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Each firm in a competitive market has a cost function of: Upper C equals 25 plus q squared, so its m...