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The tables show reservation values (MB and MC) of buyers and sellers in a market. There are three buyers and two sellers. Each buyer's reservation
The tables show reservation values (MB and MC) of buyers and sellers in a market. There are three buyers and two sellers. Each buyer's reservation values for the fourth unit and above are negative, and each seller can produce at most four units. How many units does each buyer buy, and how many units does each seller sell at the equilibrium
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
