crustian8980 crustian8980

02-06-2023
Business

contestada

Suppose that the supply and demand equations for a Perfectly
Competitive Market are Qd = 1,625 - 50P and Qs = 25 + 30P
calculate:
A. Market Equilibrium Price and Quantity.
B. If 25 firms makeup the industry, find how much units of output would each firm in the industry produce?

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