The inverse Demand equation is: P = 979-1.5 Q The marginal cost is given as: MC...

 

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The inverse Demand equation is: P = 979-1.5 Q The marginal cost is given as: MC = 166 + 1.7 Q If the market is served by many competitive firms, the equilibrium Q is for both P and Q. (P in $/s unit, Q in units/period). O a. 357.81; 1360.09 O b. 254.06; 597.91 O c. 268.32; 657.70 O d. None of the asnwers offered are accurate. O e. 172.98; 719.53 and P is If needed, round to two decimals The inverse Demand equation is: P = 979-1.5 Q The marginal cost is given as: MC = 166 + 1.7 Q If the market is served by many competitive firms, the equilibrium Q is for both P and Q. (P in $/s unit, Q in units/period). O a. 357.81; 1360.09 O b. 254.06; 597.91 O c. 268.32; 657.70 O d. None of the asnwers offered are accurate. O e. 172.98; 719.53 and P is If needed, round to two decimals

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66666 8 2 6 6 6 6 6 6 6 Ans The inverse demand function of the firm P 979 158 an... View the full answer