oszustl8667 oszustl8667

17-06-2024
Business

Answered

The demand function for cars is
Q = 15 - (1/2)p
The market is subject to monopolistic competition and each firm produces with the total cost function
TC= (1/8)q³ - (1/2)q² +(13/2)q+8

In the long-run equilibrium:

how many cars will be sold?

Answer :

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