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    The market equilibrium

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    Suppose the marginal social cost of television sets is $100. This is constant and equal to the average cost of television sets. The annual demand for television sets is given by the following equation: Q = 200,000 - 500P2. If television sets are sold in a perfectly competitive market, calculate the annual number sold. Under what circumstances will the market equilibrium be efficient? See the attached file.

    © BrainMass Inc. brainmass.com October 9, 2019, 11:51 pm ad1c9bdddf
    https://brainmass.com/economics/cost-benefit-analysis/market-equilibrium-marginal-social-benefit-cost-270008

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    Q = 200000 - 500*100 = 150,000 televisions

    The market equilibrium is efficient if ...

    Solution Summary

    The market equilibrium is assessed.

    $2.19