currently, firms that manufacture solar panels utilize either technology 1 or technology 2, whose respective cost functions are
$TC1(Q) = 1,150 - 40Q + Q^2$
$TC2(Q) = 380 - 20Q + Q^2$
A firm must produce at least 40 cars to have a sustainable market presence. In the long run, assuming no new manufacturing technologies, what will happen in this industry?
Firms utilizing technology 1 and firms utilizing technology 2 will stay in business.
Firms utilizing technology 1 will shut down, but firms utilizing technology 2 will stay in business.
Firms utilizing technology 1 will stay in business, but firms utilizing technology 2 will shut down.
Firms utilizing technology 1 and firms utilizing technology 2 will shut down
None of these is correct.