35. Consider a firm in a perfectly competitive market. The long run average total cost is described by the equation: ATC = Q2-160Q +6600. What is the market equilibrium price in the long run? [a] 200 [b] 150 [c] 100 [d] 80
35. Consider a firm in a perfectly competitive market. The long run average total cost is described by the equation: ATC = Q2-160Q +6600. What is the market equilibrium price in the long run? [a] 200 [b] 150 [c] 100 [d] 80
Chapter1: Making Economics Decisions
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![35. Consider a firm in a perfectly competitive market. The long run average total cost is described by the
equation: ATC = Q²-160Q +6600. What is the market equilibrium price in the long run?
[a] 200
[b] 150
[c] 100
[d] 80
Version A
10](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa5cb6374-1961-4553-a9c8-c8c2ede41613%2F0f001e1a-3faa-4271-a2f9-6cacd17b0748%2Fib4vl1d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:35. Consider a firm in a perfectly competitive market. The long run average total cost is described by the
equation: ATC = Q²-160Q +6600. What is the market equilibrium price in the long run?
[a] 200
[b] 150
[c] 100
[d] 80
Version A
10
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