Question: Hey can someone help me there please :) Assuming free entry to, and exit from the industry. If the industry market demand curve is given

Hey can someone help me there please :)

Assuming free entry to, and exit from the industry. If the industry market demand curve is given by: Px = 1397 -5Qx What will be the long run equilibrium, specifically: d) Industry price e) Industry output f) Number of firms
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
