Answer good .. Suppose we have many firms each with an individual
Answer good Image transcription text Suppose we have many firms each with an individual supply curve of q = 2 P. Assume that firms have aquasi-fixed cost of $4,000 (that is COST = 0 if they shut-down but COSTS = 4,000 + % q’ if they are open).Individual demand is q = 300 – 3…