Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / There are two types of firms in an industry Type 1 firms have the costs TC 91 6250 25i and...

There are two types of firms in an industry Type 1 firms have the costs TC 91 6250 25i and type 2 firms have costs TC 500052 The fixed costs for both types of firms are NOT sunk

There are two types of firms in an industry. Type 1 firms have the costs TC() 91) 6250.25i and type 2 firms have costs TC(92) 500052. The fixed costs for both types of firms are NOT sunk (e) If consumers demand is Q"(p) 2400 10p what is the short-run equilibrium price and quantity? What are the long-run equilibrium price, quantity, and number of firms?

May 15 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions