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(4 pts) Firms in an industry produce a homogeneous good. You have data on prices P, quantity Q, a demand shifter y and a cost
(4 pts) Firms in an industry produce a homogeneous good. You have data on prices P, quantity Q, a demand shifter y and a cost shifter w. The demand curve is linear, and marginal costs are constant. Based on this information, is it possible to estimate the conduct parameter ? Why or why not
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
