× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
New Topic  
MrsAngelD MrsAngelD
wrote...
Posts: 322
Rep: 7 0
6 years ago
Suppose that for each firm in the competitive market for potatoes, long-run average cost is minimized at 20¢ per pound when 500 pounds are grown. The demand for potatoes is Q = 10,000/p. If the long-run supply curve is horizontal, then how many firms will this industry sustain in the long run?
A) 0
B) 100
C) 50,000
D) There is not enough information to answer.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 27 times
1 Reply

Related Topics

Replies
wrote...
6 years ago
B
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1273 People Browsing
Related Images
  
 275
  
 72
  
 367
Your Opinion
What's your favorite math subject?
Votes: 293