7) A perfectly competitive industry has 1,000 firms In the very shortrun, each firm has a fixed supply of 100 units The market demand curve is (20 points) Q 160,000 10,000P a Calculate the equilibrium price in the very shortrun b What is the demand equation facing each firm in this industry c Calc...

SOLUTION a To find the equilibrium price in the very short run we need to set the market quantity de ...

7) A perfectly competitive industry has 1,000 firms. In the very shortrun, each firm has a...

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A perfectly competitive industry has 1,000 firms. In the very shortrun, each firm has a fixed supply of 100 units. The market

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7) A perfectly competitive industry has 1,000 firms. In the very shortrun, each firm has a...

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