Each firm in a perfectly competitive market has a cost functionof C= 25 + q(squared). The market demand function is Q= 50-2p. Determine the equilibrium price, quantity per frim, market quantity, and the number of firms.
Each firm in a perfectly competitive market has a cost functionof C= 25 + q(squared). The market demand function is Q= 50-2p. Determine the equilibrium price, quantity per frim, market quantity, and the number of firms.
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