What is the ac minimizing quantity for a single firm

Reference no: EM13682784

Suppose an industry has potential firms with identical technologies with TC = 200 + 2*(Q^2). The demand curve in this industry is D(p) = 18 - ¼ p.
a. What is the AC minimizing quantity for a single firm?
b. If demand is 18 - 1/4p, how many firms could this market support if it were perfectly competitive? Explain

Reference no: EM13682784

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