Suppose there is free entry in the market for microphones. the demand for microphones is given by: qd=

Question:

Suppose there is free entry in the market for microphones. the demand for microphones is given by: qd= 176-7p. all firms that produce microphones have identical long run average total cost functions given by: atc = 32/q + 4 + 2q.
calculate the long run number of firms in this market.

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