chloeann8411 chloeann8411

06-06-2023
Business

contestada

Suppose that there are 40 firms in a market, each with the following cost function:
C(q) = 90 + 502.
Suppose the market demand is
D(p) = 1,300 - 38p
How much profit does each firm make in the short-run equilibrium?

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