At any moment a monopoly and conditions in which it acts are described as in Exercise E13,

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At any moment image text in transcribeda monopoly and conditions in which it acts are described as in Exercise E13, except for an additional constraint in a form of a production factor resource:

Exercise E13

A production process in a firm acting as a monopoly is described by a one- variable production function of a form:image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

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