The Market Demand for Milk Is Additionally,suppose That a Dairy's

question 26

Multiple Choice

The market demand for milk is Additionally,suppose that 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.Suppose the demand for milk doubles.How many total active firms are in the market in the long run due to the increased demand?

• A) 10
• B) 20
• C) 100
• D) 2

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