Question: practice example tt 40 price-taking firms engage competition in a market 1with demand Q = 15500 - 250?. A monopolist facing this demand curve would

practice example tt

40 price-taking firms engage competition in a market 1with demand Q\" = 15500 - 250?. A monopolist facing this demand curve would hare a marginal revenue curve HR = 62 - Qf125. 20 firms have the cost function Elm] = 90 + lq + .qu and hit. = 10 + .2q. while the other Zil| firms have C;[q] = 90 + 15:] e .qu and ME; = 15 + 2:]. a. What is the supply function for an individual find with C1? b. What is the supply function for an individual firm with C2? c. What Is the aggregate supply function for all 40 ilrms? {Be careful to note the pricefs] at which different groups of firms loin the market.) d. What is the equilibrium price and quantity in this market? c. How much profit does a rm with (I; collect? It firm with C1

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