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Please see attached Assume a perfectly competitive industry consisting of two types of rms: 25 rms of typeA and 50 rms of type B. The
Please see attached
Assume a perfectly competitive industry consisting of two types of rms: 25 rms of typeA and 50 rms of type B. The shortrun supply curve of type A rm is 3.1 (P) = 10F The short-run supply curve of type B rm is 530') = 5P The \\E'alrasian market demand curve is 1(1)) = 3600 400;: a. Assuming that no more rms enter the industry, calculate the shortrun equilibrium price [3. Calculate the quantity supplied by rm type A c. Calculate the quantity supplied by rm type BStep by Step Solution
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