HELP!!!!
A place for you to discuss all things revision in the run up to exams, as well as sharing tips and advice to help with your studies. Please use the relevant dedicated subject forum for discussion on specific qualifications and subjects.
-
HELP!!!!
can anyone help me answer this question please, its for 3rd year economics degree..:
Suppose an industry, with a contestable market structure, has an
incumbent firm and several potential competitors that all have identical
technologies summarised by the cost function TC=100+q2, where q is
the output of a firm. If the aggregate demand function facing the industry
is p = 60 – 4Q, where Q is the industrial output, solve for equilibrium
output and price for a contestable market.
thanks..Last edited by ssp91; 12-05-2012 at 23:10.