Suppose That the Market for Ice Cream Sandwiches Is Perfectly

question 56

Multiple Choice

Suppose that the market for ice cream sandwiches is perfectly competitive. Firms that produce ice cream sandwiches are identical; their long-run cost functions are given by . Market demand is
) The long-run equilibrium quantity in this industry is ____.

• A) 6,215.25
• B) 6,100.25
• C) 5,912.25
• D) 5,845.25

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