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

Question

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

The Bicycle Industry Is Made Up of 100 Firms with the Long-Run