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rossn rossn
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5 years ago
In a monopolistically competitive market, the equilibrium price is $21, and each identical firm has a fixed cost of $40 and a constant marginal cost of $1. What is the output level of each producer?
A) q = 1
B) q = 2
C) q = 2.9
D) q = 21
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Ceren C.Ceren C.
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#1
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5 years ago
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rossn Author
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5 years ago
Smart ... Thanks!
ofsuahasiufhoas
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Yesterday
Helped a lot
54321abs
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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