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ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Total Market
P = 10,000-5*QT.
QT= 2,000 - .20*P.
The dominant firm’s total cost is
TCL= 50*QL + 1.5*QL2.
The dominant firm’s Quantity Demanded is
QL= QT – QF.
The competitive fringe supply is
SF= PL = 50 + 2QF;
QF = -25 + .5*P.
The fringe firms’ output is?
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