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D Question 2 1 pts Consider a market for refrigerators. Suppose that the price elasticity is such that b = 1/500, fixed cost F =
D Question 2 1 pts Consider a market for refrigerators. Suppose that the price elasticity is such that b = 1/500, fixed cost F = $50,000,000 and a marginal cost of c = $100 per refrigerator. Suppose Home country has annual sales of 1 million refrigerators; Foreign country has annual sales of 2 million refrigerators; and a Third country has annual sales of 3 million refrigerators. The cost to produce a refrigerator in the Foreign country before any integration of markets is $ O 267 O 158 O 183 O 100 O 250 O 200 O 225 O 171
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