Price is set in a market by a dominant firm price leader (L = Leader). Total Market Demand is P = 10,000-5*Q T. Q T = 2, XXXXXXXXXX*P. The dominant firm’s total cost is TC L = 50*Q L + 1.5*Q L 2 . The...

Price is set in a market by a dominant firm price leader (L = Leader).

Total Market Demand is

P = 10,000-5*Q_T.

Q_T= 2,000 - .20*P.
The dominant firm’s total cost is

TC_L= 50*Q_L
+ 1.5*Q_L
².

The dominant firm’s Quantity Demanded is

Q_L= Q_T
– Q_F.

The competitive fringe supply is
S_F= P_L
= 50 + 2Q_F;

Q_F
= -25 + .5*P.

The fringe firms’ output is?