Question: Given this information and holding everything else constant, how many bagel firms will be in this market when the market is in long run equilibrium?

Given this information and holding everything else constant, how many bagel firms will be in this market when the market is in long run equilibrium?

Assume that the market for bagels is perfectly competitive. Each bagel firm has the same total cost function curves and marginal cost curve. These cost curves for each firm are given by the following equations where q is the number of bagels produced by a firm and P is the price per bagel: Total Cost Curve for a Representative Firm: TC = q*q*q*q + 3 Marginal Cost Curve for a Representative Firm: MC = 4(q*q*q) Suppose that the market demand curve for bagels is given by the following equation where Q is the market quantity of bagels and P is the price per bagel: Market Demand Curve: Q = 100 - 2P Given this information and holding everything else constant, how many bagel firms will be in this market when the market is in long run equilibrium? 23 bagel firms 94 bagel firms O 25 bagel firms 92 bagel firms

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3. Give away need to know information and you will get back information that you find useful.

4. Present multiple themes at once. Then you will get to know a little about how others think, when some of the themes are rejected.

5. Get a third party to mediate, so that both parties have the opportunity to go back to their original negotiating point that they had before the third party put forward his/her proposal.