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There are three types of firm in the plastic industry (the sellers are price taker). The total cost functions for the three types of firm
There are three types of firm in the plastic industry (the sellers are price taker). The total cost functions for the three types of firm are shown as follow: 1 = 1600 + 1001 + 1 2 2 = 3200 + 22 2 3 = 2003 There are 80 Type 1 firms, 120 Type 2 firms and 150 Type 3 firms in the market. Graphically construct the long run market supply curve.
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