Question
Consider a competitive firm with costs of C(q) = 64 + 4q 2 for q > 0, and C(0) = 0. In the long run,
Consider a competitive firm with costs of C(q) = 64 + 4q2 for q > 0, and C(0) = 0. In the long run, the minimum price at which this firm will supply a positive output, and the output it supplies at this price, are:
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
