How many firms would be in the market at equilibrium

Reference no: EM131054961

Each identical firm has a total variable cost ???? = 40?? + 0.5?? 2 , with an associated marginal cost curve ???? = 40 + ??. A firm's fixed cost is equal to 50. Currently, the market demand for newsprint is ?? ?? = 360 - 2??. How many firms would be in the market at equilibrium in which every firm's economic profits are zero?

Reference no: EM131054961

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