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Posted on Jul 07, 2024

Suppose that the market demand curve facing the incumbent firm is p = 460 - 0.5y . The firms total cost curve is c(y) =

Suppose that the market demand curve facing the incumbent firm is

p = 460 - 0.5y . The firms total cost curve is c(y) = 100y.

The incumbent firm is threatened by a potential entrant, which faces a fixed entry cost

K in addition to the variable cost.

The entrant's total cost is therefore

c(y) = K + 100y

Find the limit output

yL

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