Assume that all firms in a competitive industry have cost=curves given by the following: TC128 +8q+ 2q². Further,722q. In the longthe market demand curve is given by: p=run the equilibrium each firm that remains in the market willproduce:A. 2.B. 4.C. 8.D. 40.E. More information is required to answer this question.

In long run of every market , every factor is variable factor which means in this run nothing is…

curves given by the following: TC = Assume that all firms in a competitive industry have cost 128 +8q+ 2q². Further, the market demand curve is given by: p = 722q. In the long run the equilibrium each firm that remains in the market will produce: A. 2.

curves given by the following: TC = Assume that all firms in a competitive industry have cost 128 +8q+ 2q². Further, the market demand curve is given by: p = 722q. In the long run the equilibrium each firm that remains in the market will produce: A. 2.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter22: Perfect Competition

Section22.1: The Theory Of Perfect Competition

Problem 4ST

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Question

Assume that all firms in a competitive industry have cost
=
curves given by the following: TC
128 +8q+ 2q². Further,
722q. In the long
the market demand curve is given by: p
=
run the equilibrium each firm that remains in the market will
produce:
A. 2.
B. 4.
C. 8.
D. 40.
E. More information is required to answer this question.

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