Hospitals in City A are profit maximizing perfectly competitive firms. Hospitals in City B, on the other

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Hospitals in City A are profit maximizing perfectly competitive firms. Hospitals in City B, on the other hand, are run by non-profit charities that try to minimize the long-run average cost of treating patients. Hospitals in both cities have the same average and marginal cost. Show that hospitals in both cities will be the same size.
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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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