*4.4 Using a graph similar to Figure 8.12, show that increasing output beyond the competitive level decreases...

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*4.4 Using a graph similar to Figure 8.12, show that increasing output beyond the competitive level decreases total surplus because the cost of producing this extra output exceeds the value consumers place on it.

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Managerial Economics And Strategy

ISBN: 9780135640944

2nd Global Edition

Authors: Jeffrey M. Perloff, James A. Brander

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