The bicycle industry is made up of 100 firms with the long-run cost curve c(y)= 2 + (y₂/2)and 120 firms with the long-run cost curve c(y)= y₂/4.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 + (y₂/2)and 120 firms with the long-run cost curve c(y)= y₂/4.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