What is the long-run equilibrium price in this industry

Reference no: EM133334818

Assignment:

The corresponding long-run average cost function of a competitive firm is given by 20+Q+(144/Q). The market demand curve is D(P)=2488-2P. What is the long-run equilibrium price in this industry, and at this price, how much would an individual firm produce? How many active producers are in a long-run competitive equilibrium?

Reference no: EM133334818

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