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b. The demand side of the canned tomato market is represented by the following PP curve, which summarises price competition in the industry. PP Curve:
b. The demand side of the canned tomato market is represented by the following PP curve, which summarises price competition in the industry. PP Curve: p=30-0.3 .n. Illustrate the CC curve and the PP curve on a graph with price and cost on the vertical axis, and the number of firms " on the horizontal axis. Solve for the market equilibrium at Home in autarky, that is, find the equilibrium number of producers n and the equilibrium price P of canned tomato
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