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What total quantity will be produced by the fringe firms

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Question: Harper Industries is the dominant firm in a six firm industry with a homogeneous product, which has a total market demand given by Q = 62 - P. Harper has competition from a fringe of five small firms that produce where their individual marginal costs equal the market price. The fringe firms each have total costs given by TCi = 15 + 8Qi + 2.5Qi2. If Harper's total costs are given by TCH = 200 + 2QH+ 0.25QH2, what total quantity will be produced by the fringe firms?

Reference no: EM133295005

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