A typical firm in long-run equilibrium in an industry with identical firms has a cost function given byC(q) = 1,600 + 2q2.What is the equilibrium price?The equilibrium price is $(Enter your response rounded to two decimal places.)

The equilibrium price is where the supply of goods matches demand; here we calculate the given as…

A typical firm in long-run equilibrium in an industry with identical firms has a cost function given by C(q) = 1,600 + 2q?. What is the equilibrium price? The equilibrium price is $. (Enter your response rounded to two decimal places.)

A typical firm in long-run equilibrium in an industry with identical firms has a cost function given by C(q) = 1,600 + 2q?. What is the equilibrium price? The equilibrium price is $. (Enter your response rounded to two decimal places.)

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter9: Perfect Competition

Section: Chapter Questions

Problem 1QP

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A typical firm in long-run equilibrium in an industry with identical firms has a cost function given by
C(q) = 1,600 + 2q2.
What is the equilibrium price?
The equilibrium price is $
(Enter your response rounded to two decimal places.)

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