Suppose market demand is Q = 1000 - 4p. If all firms have LRAC = 50 -

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Suppose market demand is Q = 1000 - 4p. If all firms have LRAC = 50 - 5q + q2, how many identical firms will there be when this industry is in long-run equilibrium?

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Intermediate Microeconomics and Its Application

ISBN: 978-0324599107

11th edition

Authors: walter nicholson, christopher snyder

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Question Posted: Aug 05, 2013 03:43 AM

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Suppose market demand is Q = 1000 - 4p. If all firms have LRAC = 50 -

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In long run all firms operate where AC ...View the full answer

Intermediate Microeconomics and Its Application

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