Write down the equation of the market supply curve

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The Highland Commodities Company is a typical firm in a perfectly competitive market has a cost structure described by the equation: C = 25 − 4QF + Q2F where QF is measured in thousands of units.

1. Using the profit-maximizing condition, P = MC, write an equation for the firm’s supply curve. If 40 such firms serve the market, write down the equation of the market supply curve.

Reference no: EM131002344

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