Question
Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What quantity of output will a typical firm produce?
a.10
b.20
c.30
d.40
a.10
b.20
c.30
d.40
Answers
dfgd
30