Consider a perfectly-competitive industry where each firm has the following long run cost function C(q)-q³-18q2 + 122q. where q is the firm's output. What is the long-run equilibrium price in this market? (Round your final answer to two decimal places, if necessary.)

Consider a perfectly-competitive industry where each firm has the following long run cost function C(q)-q³-18q2 + 122q. where q is the firm's output. What is the long-run equilibrium price in this market? (Round your final answer to two decimal places, if necessary.)

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Perefect Competition

Section: Chapter Questions

Problem 5SQP

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