Business
Business, 21.06.2019 14:20, tiggyandrep2dbee

Suppose that each firm in a competitive industry has the following costs: total cost: tc=50+12q2tc=50+12q2 marginal cost: mc=qmc=q where qq is an individual firm's quantity produced. the market demand curve for this product is: demand qd=160−4pqd=160−4p where pp is the price and qq is the total quantity of the good. each firm's fixed cost is.

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Suppose that each firm in a competitive industry has the following costs: total cost: tc=50+12q2tc...

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