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Two car manufacturers, Nissa and Honda, have fixed costs of $1 billion and marginal costs of $10,000 per car. If Nissan produces 100,000 cars per
Two car manufacturers, Nissa and Honda, have fixed costs of $1 billion and marginal costs of $10,000 per car. If Nissan produces 100,000 cars per year and Honda produces 200,000 cars per year, calculate the average production cost for each company. Average production cost for Nissan: $10.000 Average production cost for Honda: $60.000 On the basis of these costs, which company's market share do you think will grow in relative terms? Honda View previous attempt
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