How many firms will exist in the industry in the long run

Reference no: EM13221876

There are 80 firms in the industry. The cost function of individual firm is T? = 100 + 4q + 4q2. Demand function is Q = 1040 - 10P. Find the equilibrium price and quantity for the short-run. How many firms will exist in this industry in the long run if there are no entry barriers?

Reference no: EM13221876

Questions Cloud

Find if there dominant and dominated strategies : Firm 1 and firm 2 are movie producers. Each has the option of producing a blockbuster romance or a blockbuster suspense film. The payoff matrix displaying the payoffs for each of the four possible strategy combinations.

Define the anomalous behavior of water when it freezes : explain the anomalous behavior of water when it freezes. That is, why is there water axpansion upon solidification

Find the probability that the mailed item was an ad : Find the probability that the mailed item was First Class or it went to a home.Find the probability that the mailed item was an Ad.

What does bagelz have to do to support franchisees : What does Bagelz have to do to support franchisees and what does a franchisee bring to the relationship with Bagelz?

How many firms will exist in the industry in the long run : There are 80 firms in the industry. The cost function of individual firm is T = 100 + 4q + 4q2. Demand function is Q = 1040 - 10P. Find the equilibrium price and quantity for the short-run. How many firms will exist in this industry in the long ru..

Define the directions state weigh of sodium chloride : The directions state "weigh about 5 grams of sodium chloride". Give minimum and maximum amounts of sodium chloride that would satisfy these instructions.

What is the elasticity of the demand for cookbooks : You are starting your own Internet business. You decide to form a company that will sell cookbooks online. Justcookbooks.com is scheduled to launch 6 months from today. You estimate that the annual cost of this business will be as follows: Technol..

Compute the enthalpy change per mole for the process : Calculate the enthalpy change per mole for this process. ( Assuming C=4.18 J deg c^-1 g^-1 and density of the final solution is 1.00g/ml).

Compute the monthly salary payoff table : For this payoff table find Jim's optimal decision using: (1) the conservative approach, (2) minimax regret approach and (3) the optimistic approach.

User Account

All Pages