Perfect Competition Market Theory If the demand curve for an industry is Qd = 60 -5p and the industry's marginal cost cu

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Perfect Competition Market Theory If the demand curve for an industry is Qd = 60 -5p and the industry's marginal cost cu

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Perfect Competition Market Theory
If the demand curve for an industry is Qd = 60 -5p and theindustry's marginal cost curve MC = 0.2 + 0.4Q.When the company in the industry achieves maximum profit with atotal fixed cost (TFC) = Rp.15.
Questionsa. The number of commodities sold (Q) ?b. Selling price (p) ?c. Total Reveue (TR) ?d. The company's maximum profit in the industry ( π = TR –TC) ?
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