Business, 09.07.2021 22:00, schvox

A representative firm with long-run total cost given by TC = 2,000 + 20 q + 5 q 2 operates in a competitive industry where the market demand is given by QD = 10,000 – 40 P. The long-run equilibrium output of the industry will be:

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A representative firm with long-run total cost given by TC = 2,000 + 20 q + 5 q 2 operates in a comp...