Question
Suppose there are 20 identical companies on the market. The marginal cost of an individual company is MC = 60 q (MC) where q is
Suppose there are 20 identical companies on the market. The marginal cost of an individual company is
MC = 60 q (MC)
where q is the quantity in the individual company (which means that Q = 20 q). Show that this means that the market supply curve is the one given in equation (S).
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International Economics
Authors: Robert C. Feenstra, Alan M. Taylor
3rd edition
978-1429278515, 142927851X, 978-1319029517, 1319029515, 978-1429278447
