Question
a)Extra Credit How does this problem differ from the one we solved in HW6? (Besides from the fact that we are using two demand curves
a)Extra Credit
How does this problem differ from the one we solved in HW6? (Besides from the fact that we are using two demand curves in the present problem, while we used three in HW6. This is NOT the answer.)
In particular, how does the ATC function in this problem make the solution more "simultaneous" than the ATC function in HW6.
In case you forgot, in HW6, the ATC function was ATC = 20/Q + 15, and the demand curves were 63 -4Q1 105 - 5Q2 and P3 = 75 - 6Q3
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Puzzle Of Latin American Economic Development
Authors: Patrice Franko
2nd Edition
0742524663, 9780742524668
