Chaspen2871 Chaspen2871
  • 09-05-2024
  • Business
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Suppose a perfectly competitive, constant cost industry is composed of many identical firms, each with the following long-run total cost function: C=q³-76q²+1472q where q represents the firm's output level. The market demand curve is given by Q(P)=2840-20P where Q represents industry output.

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