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PS5.4.6Given this information, in equilibrium, how many firms using technology 1 will there be in the market? Problem PS5.4.6 3/3 points (graded) The long run

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PS5.4.6Given this information, in equilibrium, how many firms using technology 1 will there be in the market?

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Problem PS5.4.6 3/3 points (graded) The long run price, now that there are 10 bicycle manufacture using technology 1, will remain at p" = 17. There is still free entry for firms using technology 2. What quantity will be produced by each firm using technology 1? 2 2 What quantity will be produced by each firm using technology 2? = 4 4 In equilibrium, how many firms using technology 2 will there be in the market? N' = 30 30

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