Suppose the cellphone industry in the United States is perfectly competitive and contains 30 firms in...

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Suppose the cellphone industry in the United States is perfectly competitive and contains 30 firms in total. The industry con

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The indesting contains 10 tims with Mc, = 8+291 maumising Huce, for 10 tims profit Huggy condition is .P=MCI =) P=8+22, P-8 = from equation (i) and jij we auto Now, Q = Q1 +Q2 = 5P-40+5P-40 ) Q = 10-80 Q +80= lop -) POR +8 =) po toQ+8 Hunce, Inonse ma

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