Competitive Market Equilibrium. Happy Valley Supply, Inc., provides recycled toner cartridges for printers. Like its competitors, Happy Valley must meet strict specifications. As a result, the replacement toner cartridge market can be regarded as perfectly competitive. Total and marginal cost relations per week are:

where Q is the number of recycled toner cartridges.

Question

Competitive Market Equilibrium. Happy Valley Supply, Inc., provides recycled toner cartridges for printers. Like its competitors, Happy Valley must meet strict specifications. As a result, the replacement toner cartridge market can be regarded as perfectly competitive. Total and marginal cost relations per week are:
 
 where Q is the number of recycled toner cartridges.

Quizplus · Accepted Answer

The Answer of Competitive Market Equilibrium. Happy Valley Supply, Inc., provides recycled toner cartridges for printers. Like its competitors, Happy Valley must meet strict specifications. As a result, the replacement toner cartridge market can be regarded as perfectly competitive. Total and marginal cost relations per week are:
 
 where Q is the number of recycled toner cartridges.