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Business, 07.06.2020 19:57 joco3625

The bicycle industry is made up of 100 firms with the long-run cost curve c(y) = 2 + (y2/2) and 60 firms with the long-run cost curve c(y) = y2/10. No new firms can enter the industry. What is the long-run industry supply curve at prices greater than $2?

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The bicycle industry is made up of 100 firms with the long-run cost curve c(y) = 2 + (y2/2) and 60 f...
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