Question

core: 0 of 6 pts 9 of 12 (9 complete) Hw Score: 50%, 190138 p Chapter Problem 2 Oaston Help Suppose the two countries we considered in the numerical exartple in the t automobiles. Find the number of firms, the output per firm, and the price per automobile in the new integrated text were to integrate their automobile market with a third country with an annual market for 3,750,000 You are given the following information The total sales (S) in the industry after integration are 6,250,000 automobiles per year 30,000xQ revenue curve facing any one producer is described by the equation MR PS Each producer has the following costs: fixed costs (F) of $750,000,000 and a constant marginal cost (c) of $5,000 In equilibrium, the number of firms will be (Round your answer down to the nearest integer.)

Answer 1

Answer is 16

NOW S-=-6850,000 f, 450,000 ,000 b- , 20000 Now ateqm lin Inte8γα ed Maake f.b 15