Market demand is given as Q_D= 300 - 5P.Market supply is given as Q_S= 5P.Each identical firm has MC = 6Q and ATC = 4Q.What quantity of output will a typical firm produce

Name: Market demand is given as Q D = 300 - 5P.Market supply is given as Q S = 5P.Each identical firm has MC = 6Q and ATC = 4Q.What quantity of output will a typical firm produce
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Explanation:The market equilibrium price is P = 30. At this price, each firm will produce Q = 6.

Market Demand Is Given as QD = 300 - 5P

Market Demand Is Given as Q_D= 300 - 5P