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Author Question: Price vs. Quantity CompetitionThe graph shows the market demand curve (D) and the individual firm's ... (Read 127 times)

rubiosusy7

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on: Nov 23, 2022
Price vs. Quantity Competition

The graph shows the market demand curve (D) and the individual firm's average total cost curve (ATC) for the warehouse club industry, which is an oligopoly.



Assume that P1=$135, P2=$300, Q1=1050, Q2=3500, and Q3=7750. If all firms have the same average total cost curves and produce a quantity equal to their minimum efficient scale, how many firms can satisfy the market demand?
Please round your final answer up to the nearest integer.
◦ 8
◦ 11
◦ 3
◦ 6
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by rubiosusy7 on Nov 23, 2022

Tussalpain

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rubiosusy7

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)

Joy Chen

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Reply 3 on: Yesterday
Excellent

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