Suppose that the market for painting services is perfectly competitive. Painting companies are identical; their long-run cost functions are given by TC(Q)=6Q^3-30Q^2+200Q

Market demand is Q^d=8000-20P. The long-run equilibrium quantity in this industry is ____.

Group of answer choices

A. 5,000

B. 4,750

C. 2,500

D. 1,900

Answer rating: 100% (QA)

Answer B 4750 To find the longrun equilibrium quantity we need to solve ... View the full answer