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  3. consider a firm with the following cost function c q...

Question: consider a firm with the following cost function c q...

Question details

Consider a firm with the following cost function:

C (q) = 4q^2 + 100

Find the long-run supply and the short-run supply of the firm, under the assumptions that the total cost function is the same in the long and in the short run, but the xed cost is sunk in the short run.

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