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2. The typical firm in the market operates at the following cost: LRTC = q - 10q + 30q a) Find the minimum efficient
2. The typical firm in the market operates at the following cost: LRTC = q - 10q + 30q a) Find the minimum efficient scale (MES). Hint: The MES is positive in this case. b) The inverse market demand is given by P=100-2Q. How many firms can profitably operate in this market at the MES? Please provide your calculation and clearly write out your answer.
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Managerial Economics Foundations of Business Analysis and Strategy
Authors: Christopher Thomas, S. Charles Maurice
12th edition
1260004759, 9781260004755, 78021715, 78021718, 78021901, 978-0078021909
