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A town has perfectly competitive market for liquor stores consisting of identical firms with costs: C(q)=q2+25 The demand is QD=1000-10p. Find the long-run equilibrium price
A town has perfectly competitive market for liquor stores consisting of identical firms with costs: C(q)=q2+25 The demand is QD=1000-10p. Find the long-run equilibrium price
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Microeconomics Theory and Applications
Authors: Edgar K. Browning, Mark A. Zupan
12th edition
9781118920060, 1118758870, 1118920066, 978-1118758878
