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A firm sells shoes in a competitive market. This means that the demand for shoes is very price elastic. Use this firm to explain the
A firm sells shoes in a competitive market. This means that the demand
for shoes is very price elastic. Use this firm to explain the concept of
labour demand for this firm as a derived demand.
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
