(Answered) All 150 firms in a competitive industry have the same cost

Economics

All 150 firms in a competitive industry have the same cost structure captured by the following total cost function:

TC = 2Q3:- 60Q2:+ 950Q + 600 If the market demand function is Qd = 4568.20 - 3.5P

determine the market equilibrium price and quantity.

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Microeconomics, Economics

Category:- Microeconomics
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