Total government demand is P = 750 – 8P and all five firms produce at a constant marginal cost of $50. For security reasons, the government has imposed restrictions on a permit a maximum of five firms to compete in this market
Total government demand is P = 750 – 8P and all five firms produce at a constant marginal cost of $50. For security reasons, the government has imposed restrictions on a permit a maximum of five firms to compete in this market