Question: hi, how do i do the this question? The market for lobsters is perfectly competitive. Total cost for a firmthat harvests q lobsters is given
hi, how do i do the this question?
The market for lobsters is perfectly competitive. Total cost for a firmthat harvests q lobsters is given by TC = 400 + q2. The market demand for lobstersis QD= 4400 - 10P. Find the number of firms in operation when the market is inlong-run equilibrium.
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