Business
Business, 22.03.2021 21:00, nataliatf9833

Suppose an industry has 100 firms, each with a supply curve P = 50 + 10Q . Furthermore, suppose the market demand curve is given by P = 200 - 0.9Q . a. What is the industry supply curve? b. What is the equilibrium price and quantity for this market? c. How many units of output will be produced by a firm operating in this market with a marginal cost function, MC = 130Q

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Suppose an industry has 100 firms, each with a supply curve P = 50 + 10Q . Furthermore, suppose the...

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