Question
Mathematically set up the consumer surplus maximization problem with a non-negative profit constraint. Make use of the above problem derive the formula to characterize Ramsey
Mathematically set up the consumer surplus maximization problem with a non-negative profit constraint.
Make use of the above problem derive the formula to characterize Ramsey pricing.
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
