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Derivation of an company's supply function, equilibrium price and output.

There are 10 identical companies that have the common cost function c(y) = y2 + 9. The industry demand function is given by X (P) = 200/

(a) Derive the industry's supply function

(b) Derive the industry's equilibrium price and output

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917918

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