Question
we have the demand market Q=100-P AC=MC=50 per unit of output. there is a single seller that can invest in cost-reducing technology. by how much
we have the demand market Q=100-P
AC=MC=50 per unit of output. there is a single seller that can invest in cost-reducing technology. by how much should the AC drop for this seller to charge the price that would emerge under perfect competition ?
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Economics for Environmental Studies A Strategic Guide to Micro and Macroeconomics
Authors: Alfred Endres, Volker Radke
1st edition
364231192X, 3642311925, 9783662548264, 3662548267, 978-3642311925
