How much does each type b firm produce

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A perfectly competitive industry consists of two types of firms: 100 firms of type A and 30 firms of type B. Each type A firm has a short-run supply curve s_A(P) = 2P. Each type B firm has a short-run supply curve s_B(P) = 10P. The market demand curve is D(P) = 5000 - 500P. What is the short-run equilibrium price in this market? At this price, how much does each type A firm produce, and how much does each type B firm produce?

Reference no: EM131248565

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