Suppose that,in the long run,a dairy's variable costs are 
(where Q is the number of gallons of milk produced each day) ,its marginal cost is 
and there is an avoidable fixed cost of $50 per day.In the long run there is free entry into the market.What is the dairy's total cost function?
Definitions:
Oligopoly
A market structure characterized by a small number of firms controlling the majority of the market share, which affects competition and pricing.
Fast Foods Industry
A sector of the food service industry characterized by its focus on convenient, quick, and accessible meal options.
Substitute Products
Goods or services that can be used in place of each other, offering consumers alternatives that fulfill the same need or function.
Porter
Refers to Michael E. Porter, a prominent academic known for his theories on economics, business strategy, and competitive advantage.
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