What is the short-run market supply curve

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Suppose that a market for electric bikes is comprised of 80 individual firms. The firms all have the same cost function: C(q) = 100 + 4q2

a. What is the short-run market supply curve for this electric bike market?

b. Now, assume that the market demand for electric bikes is given by Q = 1280 - 30p. What is the equilibrium in this market (price and quantity).

c. How many e-bikes will each firm produce and what is the total profit for each e-bike producer?

Reference no: EM132648860

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