Question
the correct answer is 13.84. just not sure how to get there. An economist estimated that the cost function of a single-product firm in a
the correct answer is 13.84. just not sure how to get there.
An economist estimated that the cost function of a single-product firm in a perfectly competitive market is C(Q) = 9.1 + 5.1Q + 2.1Q2. If all firms have the same cost structure, what will be the long-run equilibrium price in this market?
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
