There are 10 producers each with a cost curve C(q) = q. The demand curve is...
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There are 10 producers each with a cost curve C(q) = q². The demand curve is given by D = 2000 10p. Each producer creates a MEC (marginal external cost) of $100 per unit produced. a) What is the competitive equilibrium quantity produced and consumed? b) What is the efficient quantity? There are 10 producers each with a cost curve C(q) = q². The demand curve is given by D = 2000 10p. Each producer creates a MEC (marginal external cost) of $100 per unit produced. a) What is the competitive equilibrium quantity produced and consumed? b) What is the efficient quantity?
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a The competitive equilibrium quantity produced is found by equating the supply and ... View the full answer
Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
Posted Date:
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