Firm A is the dominant firm in a market where industry demand is given by Q=48-4P. there are four "follower" firms, each with long-run marginal costs given by MC=6+Qr. Firm A's MC=6. 1-Write the expression for the total supply curve of the followers (Qs) as this depends on price. (Remember that each follower acts as a price taker)

help?

12/8/2009 9:27:39 PM

not that i know what the is but it seems like some really simple math crap.

12/8/2009 10:57:58 PM

what econ class is this for?

12/10/2009 1:51:09 PM

Price Leadership Model.

Yea, what class is this for?

12/18/2009 2:41:13 PM