Page 1 of 1
In a perfectly competitive market, suppose that there are 1280 firms. Market demand is given by Q-1600-4P. All fixed cos
Posted: Fri Jul 01, 2022 8:12 am
by answerhappygod
- In A Perfectly Competitive Market Suppose That There Are 1280 Firms Market Demand Is Given By Q 1600 4p All Fixed Cos 1 (51.89 KiB) Viewed 23 times
In a perfectly competitive market, suppose that there are 1280 firms. Market demand is given by Q-1600-4P. All fixed costs are sunk and Total fixed cost is $120 and average variable cost is 160q. Find the equilibrium market price and market output, respectively: $160, 960 $300, 400 $100, 1200 $200, 800