Question #90671
Consider a perfectly competitive market in the short run, assume that the demand curve is given as shown below P=100-4Q, also you are told that the total cost is given as TC=50+4Q+2Q^2 and the marginal cost MC=4+4Q... what is the market equilibrium price and quantity?
1
Expert's answer
2019-06-10T09:29:59-0400
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Comments

Isa
10.06.19, 16:51

Thanks.

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