Question
Why is the equality of price and marginal cost important? a) How does imperfect competition lead to price exceeding marginal cost? Why is that a
Why is the equality of price and marginal cost important?
a) How does imperfect competition lead to price exceeding marginal cost? Why is that a problem for society at-large?
b) What does the concentration of large sellers have to do with this?
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
