Question
Each of the 10 firms in a competitive market has a cost function of C = 25 + q^2 So its marginal cost is MC
Each of the 10 firms in a competitive market has a cost function of C = 25 + q^2
So its marginal cost is MC = 2q
the market demand function is Q=120-p. determine the equilibrium price, quantity per firm and market quantity
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Financial Accounting Making The Connection
Authors: J David Spiceland, Wayne Thomas, Don Herrmann
1st Edition
0077862260, 9780077862268
