Can you determine the equilibrium number of firms

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The long-run total cost function for producers of mineral water is TC(Q) = cQ, where Q is the output of an individual firm expressed as thousands of liters per year. The market demand curve is D(P) = a - bP. Find the long-run equilibrium price and quantity in terms of a, b, and c. Can you determine the equilibrium number of firms? If so, what is it? If not, why not?

Reference no: EM131248441

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