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The following table shows the revenues (in $ millions) for Firm 1 and Firm 2 over the past three years... Year Firm 1 Firm 2
The following table shows the revenues (in $ millions) for Firm 1 and Firm 2 over the past three years... Year Firm 1 Firm 2 1 15.73 3.06 2 14.53 2.99 3 14.20 2.99 Calculate the average growth rate using the geometric mean for each firm. Which firm had the higher growth rate over this period
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
