What is the equilibrium quantity in a competitive market

Reference no: EM133261016

Question: The demand for energy is given by P = 100 - 5Q. The marginal cost of producing energy is constant and equal to 40. What is the equilibrium quantity in a competitive market?

Demand for natural gas is given by P = 200 - 6Q. If the supply of natural gas is 30, what is the equilibrium price?

Reference no: EM133261016

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