Find total q for all of the fringe firms

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Reference no: EM13199472

THis is question about a dominant firm competitive fringe model

P=5000-Q <- market demand curve n=100 fringe firms and n= 1 dominant firm so total 101 frims in a market
TC for dominant firm= 12000+3Q+.5Q^2
MC for dominant firm = 3+Q
TC for competitive fringe: 50+10Q+3Q^s
MC for competitive fringe: 10+6Q

1) find total Q for all of the fringe firms

2) Find Q for the dominant firm

3) Find q for an each of the fringe firm

4) find a profit for dominant firm

5) find a profit for a fringe firm

Reference no: EM13199472

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