Note: -
You are attempting question 9 out of 12
In a perfect competition, the cost function of each of 100 firms is given as:
3
C=
q
+0.2q² + 4q +10
300
The market demand function is given by:
Q = 8000 – 200P
What is each firm's short-run equilibrium quantity?
A. 15
B. 20
C. 25
D. 30
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