Suppose the two countries we considered in the numerical example in the text were to integrate their automobile market with a third country with an annual market for 3,750,000 automobiles. Find the...


Suppose the two countries we considered in the numerical example in the text were to integrate their automobile market with a third country with an annual market for 3,750,000 automobiles. Find the number of firms, the output<br>per firm, and the price per automobile in the new integrated market after trade.<br>You are given the following information:<br>The total sales (S) in the industry after integration are 6,250,000 automobiles per year.<br>30,000 xQ<br>The marginal revenue curve facing any one producer is described by the equation MR = P -<br>Each producer has the following costs: fixed costs (F) of $750,000,000 and a constant marginal cost (c) of $5,000.<br>In equilibrium, the number of firms will be<br>(Round your answer down to the nearest integer.) Help!

Extracted text: Suppose the two countries we considered in the numerical example in the text were to integrate their automobile market with a third country with an annual market for 3,750,000 automobiles. Find the number of firms, the output per firm, and the price per automobile in the new integrated market after trade. You are given the following information: The total sales (S) in the industry after integration are 6,250,000 automobiles per year. 30,000 xQ The marginal revenue curve facing any one producer is described by the equation MR = P - Each producer has the following costs: fixed costs (F) of $750,000,000 and a constant marginal cost (c) of $5,000. In equilibrium, the number of firms will be (Round your answer down to the nearest integer.) Help!" The equilibrium price will be $ (Enter your answer to the nearest dollar.) The equilibrium output per firm is (Round your answer to the nearest integer.)

Jun 07, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here