Consider a monopolistically competitive sector with N firms. Each firm"https://muzic-ivan.info/consider-a-monopolistically-competitive-market-with-n-firms/imager_1_4656_700.jpgs company opportunities are described by the adhering to equations:

Demand: Q=100/N-P

Marginal Revenue: MR=100/N-2Q

Total Cost: TC=50+Q2

Marginal Cost: MC=2Q

a. How does N, the variety of firms in the sector , affect each firms demand also curve? Why?

b. How many kind of systems does each firm produce? (The answer to this and the next 2 questions depfinish on N)

c. What price does each firm charge?

d. How a lot profit does each firm make?

e. In the lengthy run, exactly how many kind of firms will exist in this market?


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