Pricing of variety of goods produced by a single firm is called as.......​

The new varieties of plants are produced by

The new varieties of plants are produced by

The market demand curve for commodity X is q^(D)=700-p . Now, let us allow for free entry and exit of the firms producing commodity X. Also assume the market consists of identical firms producing commodity X. Let the supply curve of a single firm be explained as: q_(t)^(S)=8+3p " for "pge20 =0 " for "0le p lt 20 (a) What is the significance of p = 20? (b) Calculate the equilibrium quantity and number of firms at the equilibrium price of rupee 20.