In Problem 8, If Market Demand Is Equal to D(p)

question 10

Multiple Choice

In Problem 8, if market demand is equal to D(p) = 20 - 3p, the equilibrium price and number of firms operating in the market are (in that order)

• A) $3.08 and 7
• B) $3.00 and 6
• C) $3.00 and 8
• D) $3.14 and 3
• E) $3.33 and 5

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