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Solve clearly IA competitive market consists of 2,000 identical companies. The short-term production cost function of each one of them is equal to C(q)=4q2+10q+100. a)
Solve clearly
IA competitive market consists of 2,000 identical companies. The short-term production cost function of each one of them is equal to C(q)=4q2+10q+100. a) Find the company's supply curve. b) Find the industry supply curve. c) If the market demand function is Q D=50.000-1.000P, nd the price and the volume of prots of the representative company in this market. Analyse the meaning of the company's prot volume. d) Provide a graphic presentation of these resultsStep by Step Solution
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