Unformatted text preview: firm, and the quantity produced and price charged by each of the fringe firms. d. Suppose there are ten fringe firms instead of five. How does this change your results? e. Suppose there continue to be five fringe firms but they each manage to reduce their marginal cost to MC=20+2q. How does this change your results?...
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This note was uploaded on 12/28/2009 for the course ECON 120 taught by Professor Walsh during the Fall '09 term at University of Illinois, Urbana Champaign.
- Fall '09