Question: Step 1: Using the information provided in the scerario, derive a total cost function for a typical cardboard box manufacture. Use Q, to denote the

 Step 1: Using the information provided in the scerario, derive a

total cost function for a typical cardboard box manufacture. Use Q, to

Step 1: Using the information provided in the scerario, derive a total cost function for a typical cardboard box manufacture. Use Q, to denote the quartity produced by the typica firm. (4 marks) Step 2: Derive a profit function for the typical firm. Use X to denote the combined production of the remaining three firms in the market. (n marks) Step 3: Find the profit of the typical firm fall from's in the market sell at the current market price of $30. (8 marks) Step 4: Find the consumer surplus if all firm's a the market sell at the current market price of $30. (6 marks) Step 5: Derive I've typical finn's best-response function. (8 marks) Step 6: Find Lic equiibrium quantity and prol t for the typical lim. (11 mar

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