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Obtain the company's supply function and equilibrium price and output.

There are 10 identical companies which have the common cost function c(y) = y2 + 4) The company demand function is given by X (P) = 2000/P

(a) Derive the company's supply function.

(b) Derive the company's equilibrium price and output. Illustrate what is the output of each company?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917106

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