jnu

Posted by sohini on May 08, 2009; 10:42am
URL: http://discussion-forum.276.s1.nabble.com/jnu-tp2844633.html

There are 100 competitive firms in an industry, each with a short run cost curve C(q)=q^2+4q+K, where K is a positive constant. The industry dd curve is q=100-10p. Find the short run equilibrium for this industry. What limit must K satisfy for the firms to survive, all other things remaining the same?