(Answered) There are 100 identical firms in a perfectly competitive

Management Studies

There are 100 identical firms in a perfectly competitive industry.

Market demand is given by -200P +8000. If each firm has a marginal cost curve,

MC = .4 q + 4.

What is the firm's supply curve? What is market supply? What is equilibrium price? Equilibrium quantity? How much will each firm produce?

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