140115 sher run averagetopalatste ones savera e total o star

140115 sher run averagetopalatste ones savera e total o stare RATC train and some possible Clare exhibit 112 132-95

Solution

SRATC 2 is excluded from LRATC it cannot be the part of LRATC
Constant returns to scale, since there is no change in the cost structure
With the average cost of $8 there would be 80,000 units produced. The market demand being 6,00,000 units there would be = 6,00,000/80,000 = 7.5 firms

Minimum could be 1 and maximum of 8 firms