[題組二25%] Each vendor in a city has a marginal cost of $1.5 per burger sold and bears a fixed cost at $50. Suppose the maximum number of
burgers any one vendor can produce in a day is 100.
申論題內容
1.Suppose that the demand is Q=4500-600P and the food industry is a perfectly competitive one, what will the price be in
equilibrium? How many vendors will stay in this market?
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