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There are 80 firms in the industry. The cost function of individual firm is T? = 100 + 4q + 4q2. Demand function is Q = 1040 - 10P. Find the equilibrium price and quantity for the short-run. How many firms will exist in this industry in the long run if there are no entry barriers?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9690274

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