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The docking station industry is perfectly competitive. Each firm producing the stations has long-run cost curve given by C = 400 + 20q + q2.
The docking station industry is perfectly competitive. Each firm producing the stations has long-run cost curve given by C = 400 + 20q + q2. (You may assume this is both the short- run and the long-run cost curve.) The market demand is given by Q = 3000 - 25p. The long-run equilibrium number of firms is O 75 O 60 O 20 O 45
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