=+c. If each vendor sells exactly 100 hot dogs a day and the demand for hot dogs

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=+c. If each vendor sells exactly 100 hot dogs a day and the demand for hot dogs from vendors in the city is Q 5 4400 − 1200P, how many vendors are there?

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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Question Posted: Oct 25, 2024 04:01 AM

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=+c. If each vendor sells exactly 100 hot dogs a day and the demand for hot dogs from vendors in the city is Q 5 4400 1200P, how many vendors are there?
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=+b. If the industry is perfectly competitive, will the price remain at $2 for a hot dog? If not, what will the price be?
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=+c. If each vendor sells exactly 100 hot dogs a day and the demand for hot dogs

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Microeconomics

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