Question

Face masks are manufactured by identical shops (and sold on Etsy). Each shops's total cost of...

Face masks are manufactured by identical shops (and sold on Etsy). Each shops's total cost of production is equal to 0.5q2+4q+18

where q is the number of masks produced.

In long-run equilibrium, how many masks will each shop produce? Describe the long-run supply curve for masks.

show your work.

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