題組內容

[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.


 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?