Question
Hi. Can you help me to answer this question: Assume a firm in a perfectly competitive market. a) Would it be optimal for the firm
Hi. Can you help me to answer this question:
Assume a firm in a perfectly competitive market.
a) Would it be optimal for the firm to produce in the short run if the market price, P, is equal to 99, when TC(Q) = 600 + 3Q + 6Q2?
b) Would it be optimal for the firm to produce in the long run? Why or why not?
(OBS) I already answered question a correctly, i just wanted to put it in there to give you some context. The question i need help with is b.
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The Economics Of The Environment
Authors: Peter Berck, Gloria Helfand
1st Edition
978-0321321664, 0321321669
