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Hello, can you please solve this microeconomics question. Thanks and much appreciated ! Suppose Firm A has a direct supply function given as qA(P) =
Hello, can you please solve this microeconomics question. Thanks and much appreciated !
Suppose Firm A has a direct supply function given as qA(P) = - 3 + 0.25P and Firm B has a direct supply function given as qB(P) = 0.25P. What is the inverse market supply curve? P(Q) = D + |:|Q (Enter your answers rounded to the nearest whole number.) At a market price of $78, how many units will each rm supply to the market and how many units, in total, will be supplied to the market? q A = D (Enter your answer rounded to two decimal places.) qB = D (Enter your answer rounded to two decimal places.) Q = D (Enter your answer rounded to two decimal places.)Step by Step Solution
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