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3 - Restricted Entry and Entry Fees Consider the market for a specific fruit product (GrapplesTM) where the demand is given by: Q QD =
3 - Restricted Entry and Entry Fees Consider the market for a specific fruit product (GrapplesTM) where the demand is given by: Q QD = 10, 000-400P The inverse supply (i.e. "Private Marginal Cost") is: PMC = 5 + 0.0075
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
