Question

Eventually this competitive market reaches long-run equilibrium. Remember: C = 3.5Q^2 + 20Q + 224 What...

Eventually this competitive market reaches long-run equilibrium. Remember: C = 3.5Q^2 + 20Q + 224

What quantity will this firm produce in long-run equilibrium?

What is the market price for this competitive industry in long-run equilibrium?

What is the profit for this competitive firm in long-run equilibrium?

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