Total Market Demand is P = 10,000-20*QT. The dominant firm price leaders (L = Leader or Dominant
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Total Market Demand is P = 10,000-20*QT. The dominant firm price leader’s (L = Leader or Dominant Firm) total cost is TCL = 50*QL + 1.5*QL2. The competitive fringe supply (F = Fringe) is SF = PL = 100 + 2QF. Determine the quantity that will be produced and sold by the Fringe Firms. The Fringe Firms’ quantity = ____. ?
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