(Answered) The market for hand made bar soaps in vancouver is

Management Studies

The market for hand made bar soaps in Vancouver is perfectly competitive. The marginal cost function for each (identical) firm is given by MC=2Qs +4

Also suppose the short run cost functions are the same as the long run cost functions. If the market price P is $10, what is the output level of each firm?

What is the identical price P that all firms will charge?

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Business Management, Management Studies

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