In a market there is a single firm whose total cost curve is CT = 40q. The market demand is Q = XXXXXXXXXXP. What is the equilibrium price and quantity at this market? What is the profit of the firm...


In a market there is a single firm whose total cost curve is CT = 40q. The market demand is Q = 1000 - P. What is the equilibrium price and quantity at this market? What is the profit of the firm in the short term? Which is the deadweight loss associated with lack of competition?



Jun 10, 2022
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