A typical firm in long-run equilibrium in an industry with identical firms has a cost function given

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A typical firm in long-run equilibrium in an industry with identical firms has a cost function given by C(q)=400+2q^2.

What is the equilibrium price?

The equilibrium price is $___(Enter your response rounded to two decimal places.)

Related Book For answer-question

Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Posted Date: Dec 19, 2018 09:59 AM

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A typical firm in long-run equilibrium in an industry with identical firms has a cost function given

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Expert Answer:

The cost function is Cq 400 2q 2 Marginal cost ddq400 2q 2 4q ... View the full answer

Intermediate Microeconomics

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