consider a competitive market served by many domestic and foreign firms. The domestic demand for these firms products is Qd = 600-2.5P. The supply function of the domestic firms is Qsd = 200+1.5P,while that of the foreign forms is Qsf =200.

Determine the equil price and quantity under free trade

etermine the equilibrium price and quantity when foreign firms are constrained by a 100 unit quota

d