Re: number of firms

Posted by Amit Goyal on May 11, 2016; 10:35pm
URL: http://discussion-forum.276.s1.nabble.com/number-of-firms-tp7600655p7600669.html

Solution is

Each firm supplies 4 units in the long run.
Price will be 40
Total quantity traded in the industry will be 1000-40 = 960
Therefore, the number of firms will be 960/4 = 240.


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