The bicycle industry is made up of 100 firms with the, Ask an Expert

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The bicycle industry is made up of 100 firms with the long-run cost function c1(y) = 2 + (y^2)/2 and 60 firms with the long-run cost function c2(y) = (y^2)/10. No new firms can enter the industry. What is the long-run industry supply curve for prices greater than 2?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91673317

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