Business, 29.11.2021 23:30 ShilohTheBoy
In Dubai, the movie market is monopolistically competitive. The
the demand function for daily attendance and the long-run average cost
function at Cinemas are, respectively:
P = 9 β 0,04Q and ATC=10 β 0,06Q + 0,0001Q2
a) Calculate the price that Cinemas will charge for admission to
movies in the long run. What will be the number of patrons per day
at that price?
b) What is the value of the LATC that the firm will incur? How much
profit will the firm earn?
Answers: 2
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In Dubai, the movie market is monopolistically competitive. The
the demand function for daily atte...
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