Question: Explain clearly A perfectly competitive firm's total cost function is given by: TC = 300+3Q2. The minimum point of average total cost (ATC) is reached

Explain clearly A perfectly competitive firm's total cost function is given

Explain clearly

A perfectly competitive firm's total cost function is given by: TC = 300+3Q2. The minimum point of average total cost (ATC) is reached at Q=10. You also know that the market demand function for this product is: Q-100-P. How many firms are in the market in the long-run? O N-4 ON=6 ON-B O. None of the above

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