Re: Gokhale Model Paper I

Posted by akanksha on Jun 07, 2014; 9:07am
URL: http://discussion-forum.276.s1.nabble.com/Gokhale-Model-Paper-I-tp7591016p7591773.html

can somebody please try this q..plzzz explain also..thanks :)

13) The demand for spring water is given by P = 1000- Q. Assume that the cost of
production to be zero. What is the equilibrium price for the industry if there are four
firms in the industry?
 a) Rs. 800
 b) Rs. 200
 c) Rs.100
 d) Rs.1000