Question
Suppose now that some new tax preparing firms entered in Lafayette market in question (23) and, as a result, the market became perfectly competitive .
Suppose now that some new tax preparing firms entered in Lafayette market in question (23) and, as a result, the market became perfectly competitive. Its marginal costs are still stable at $100 per unit and its total revenue curve is still the same, that is
TR = $280Q $0.005Q2
- Calculate Great Tax's output.
- Calculate its price.
- Calculate its profit.
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Economic Change In Asia Implications For Corporate Strategy And Social Responsibility
Authors: M Bruna Zolin, Bernadette Andreosso O'Callaghan, Jacques Jaussaud
1st Edition
1317286650, 9781317286653
