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A market contains a group of identical
rms. Each firm acts as a price taker and has a short-run total cost function SRTC(q) = 250 + q2, where q is the annual output of each firm. A study reveals that part of the $250 fixed is sunk, and each firm will produce if the price exceeds $20 per unit and will shut down if price is less than $20 per unit. The market demand curve for the
industry is Q(p) = 240 - p/2 , where p is the market price. then how much of the fixed cost is sunk for each firm??
Plz help!!!!!
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