Solution-Determine the market equilibrium price and quantity

Determine the market equilibrium price and quantity

Reference no: EM13877108

All 150 firms in a competitive industry have the same cost structure captured by the following total cost function:

TC = 2Q3:- 60Q2:+ 950Q + 600 If the market demand function is Qd = 4568.20 - 3.5P

determine the market equilibrium price and quantity.

Reference no: EM13877108

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Determine the market equilibrium price and quantity : All 150 firms in a competitive industry have the same cost structure captured by the following total cost function: TC = 2Q3:- 60Q2:+ 950Q + 600 If the market demand function is Qd = 4568.20 - 3.5P-determine the market equilibrium price and quantity.

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Determine the market equilibrium price and quantity

Reference no: EM13877108

Reference no: EM13877108

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