Elucidate how much profit do the low-cost firms make

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A market is supplied competitively by 50 low-cost firms, each with cost curve Cl(q)=350+2q+q2 and n high-cost firms, each with cost curve Ch(q)=400+2q+q2. Market demand is Q=2500-10p. If none of the high-cost firms makes a positive profit, how large is n? Elucidate how much profit do the low-cost firms make?

Reference no: EM1353571

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