A market is in perfect competition with the market demand curve
A market is in perfect competition with the market demand curve .
The short-run market supply curve is . There are 100 firms in the market. Each firm in this market therefore faces the following individual demand curve:
a. P = 0.015 – 0.000025Q
b. P = $1.50
c. P = 1.5 – 0.0025Q
d. P = $0.75
e. P = $1.33