The Bouncing Ball Ping Pong Company sells table tennis sets, which include two paddles and one net.

Question:

The Bouncing Ball Ping Pong Company sells table tennis sets, which include two paddles and one net. What is the firm’s long-run expansion path if it incurs no costs other than what it pays for paddles and nets, which it buys at market prices?

How does its expansion path depend on the relative prices of paddles and nets? (Hint: See Solved Problem 7.5.)

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Muhammad Salman Alvi

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