Solve for x . 
Definitions:
Price Takers
Participants in a market who accept the market price as given and have no influence over it, typically because of the competitive nature of the market.
Legal Structure
The framework within which a business operates, including its designation as a corporation, partnership, sole proprietorship, or other legal entity.
Barrier To Entry
Factors that make it difficult for new competitors to enter a market, such as high start-up costs or regulatory hurdles.
Price-Control Legislation
Laws enacted by a government to regulate the prices charged for goods and services in the market, often to protect consumers.
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