Question
The market demand for a type of good has been estimated as:P = 80 - 0.5Q,where P is price ($) and Q is rate of
The market demand for a type of good has been estimated as:P = 80 - 0.5Q,where P is price ($) and Q is rate of sales per month. The long run market supply is expressed as:P = 20 + 0.1Q.
There is a firm operating in this market that is characterized by following long run marginal cost:
MC = - 40 + 5q
What would be the return to firm specific advantage for this firm?
Group of answer choices
166
214
133
244
262
The correct answer is not listed.
210
330
-
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Fundamentals of Managerial Economics
Authors: Mark Hirschey
9th edition
324584830, 978-0324588781, 032458878X, 978-0324584837
