The cost function of a competitive firm is C = 16Q1/2 + Q2 in the long...

The cost function of a competitive firm is C = 16Q^1/2 + Q² in the long run after the fix costs are paid. The marker demand curve is estimated as D(P) = 200 – 15P. In the long run. What is the competitive equilibrium output level, competitive equilibrium price, and the number of firms in the market?

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Rahul Sunny answered 1 year ago

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