Question
A good is represented by a market demand curve Q = 100 P. In this market, there are an unlimited number of potential firms whose
A good is represented by a market demand curve Q = 100 P. In this market, there are an unlimited number of potential firms whose cost curve is given as TC = Q + Q2.
a) What is the long run equilibrium price, assuming free entry of firms?
b) How many firms will there be?
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Econophysics And Financial Economics An Emerging Dialogue
Authors: Franck Jovanovic, Christophe Schinckus
1st Edition
0190205032, 9780190205034
