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GPL is deciding how to allocate output between the East Coast and West Coast. Demand and marginal revenue for the two markets are: P1 =
GPL is deciding how to allocate output between the East Coast and West Coast. Demand and marginal revenue for the two markets are: P1 = 15 - Q1 MR1 = 15 - 2Q1 P2 = 25 - 2Q2 MR2 = 25 - 4Q2 GPL's total cost is C = 5 + 3(Q1 + Q2 ). Find: a) Price, b) output, c) profits, d) marginal revenues, and e) deadweight loss
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Experimental Econophysics Properties And Mechanisms Of Laboratory Markets
Authors: Ji Ping Huang
1st Edition
3662442345, 9783662442340
