Consider market for frozen concentrated orange juice which

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Consider the market for frozen concentrated orange juice, which is a constant-cost industry. The long-run total costs of production are T C(Q) = Q^3 - 2Q^2 + 4Q. The demand is given by Q = 80 - 3P

(a) What is the long-run equilibrium price?

(b) How many ?rms will enter the market?

(c) How much output will each ?rm produce?

Reference no: EM13393651

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