The total cost function of the dominant firm is CT = 80qp and the function of the

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The total cost function of the dominant firm is CT = 80qp and the function of the offer of the following companies is represented by P = 100 + 0.51qs

A) Calculate the selling price, the output of the dominant firm, and the production of the follower company

B) Calculate the quantity that the follower companies will produce and the percentage that will be produced by the industry.

Posted Date: Oct 22, 2021 03:32 PM

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The total cost function of the dominant firm is CT = 80qp and the function of the

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Solution Answer Total cost 80 qp P 100 51qs A Selling price 1408 The promoting rate is the q... View the full answer

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