Perfect Competition in the Long Run

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Unformatted text preview: 237.50 290.82 322.48 395.00 435.62 525.07 625.00 SRMC 15 SRAC 18 7.00 88.00 175.00 268.00 367.00 472.00 583.00 700.00 952.00 1087.00 1375.00 1528.00 1852.00 2200.00 9041.00 4184.00 2569.00 1766.00 1289.00 976.00 757.57 599.00 481.00 392.00 324.64 274.00 236.69 210.29 193.00 183.50 180.76 184.00 192.58 206.00 245.82 271.61 333.80 369.85 451.14 544.00 SRMC 18 88.00 187.00 292.00 403.00 520.00 772.00 907.00 1195.00 1348.00 1672.00 2020.00 SRAC 23 SRMC 23 14891.00 6959.00 4319.00 3003.50 2219.00 1701.00 1336.14 1067.75 864.33 707.00 583.73 486.50 409.77 349.57 303.00 267.88 242.53 225.67 216.26 103.00 213.50 220.00 225.36 472.00 239.00 607.00 279.80 895.00 306.38 1048.00 370.79 1372.00 449.00 1720.00 Consider an industry with 21 firms, each having a cost structure as on the previous page. The industry demand is given by QD 670 P < P 670 QD Individual Firm Supply, Price, Cost, and Average Cost - Size 18 Plant y* 16.941074 17 17.204651 17.606817 18 19 20 21 22 Supply Price - 1 Firm 181.00 187.00 208.00 250.00 29...
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This note was uploaded on 01/03/2011 for the course COMM 290 taught by Professor Brian during the Winter '09 term at The University of British Columbia.

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