The external marginal cost of producing coal is MC_external = 8Q while the internal marginal cost is MC _internal = 6Q.The inverse demand for coal is given by P = 180 − 4Q.How much output would a competitive industry produce? A) 10 B) 20 C) 15 D) 18

Question

Quizplus · Accepted Answer

The Answer of The external marginal cost of producing coal is MC_external = 8Q while the internal marginal cost is MC _internal = 6Q.The inverse demand for coal is given by P = 180 − 4Q.How much output would a competitive industry produce? A) 10 B) 20 C) 15 D) 18

The External Marginal Cost of Producing Coal Is MCexternal =

The External Marginal Cost of Producing Coal Is MC_external =