1 Multiple Choice Questions 1. Suppose each rm has the cost function C(y) = y2 + 9 for y > 0 and C(0) = 0.
1 Multiple Choice Questions 1. Suppose each rm has the cost function C(y) = y2 + 9 for y > 0 and C(0) = 0. With industry demand given by D(p) = 51 i p, the equilibrium price and equilibrium number of rms in the industry (in that order) will be
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