Question
Since marginal costs cannot be negative, the firm will never operate at the point on the demand curve where the price demand elasticity is equal
Since marginal costs cannot be negative, the firm will never operate at the point on the demand curve where the price demand elasticity is equal to -1. Is this true yes/no why?
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Justice In A Global Economy Strategies For Home, Community, And World
Authors: Rebecca Todd Peters, Pamela K Brubaker, Laura A Stivers
1st Edition
0664229557, 9780664229559
