Solution-Compute the long-run equilibrium price quantity

Compute the long-run equilibrium price quantity

Reference no: EM13325822

A perfectly competitive industry is characterized by the cost function for individual firms: TC(q) = 0.01q2 + 100

and by demand function: D(p) = 10, 000 - 100p

Compute the long-run equilibrium price, quantity, and number of firms in the market.

Reference no: EM13325822

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Compute the long-run equilibrium price quantity

Reference no: EM13325822

Reference no: EM13325822

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