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At what value of mc will there be no exports

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1. At what value of MC will there be no exports? Take a picture of this situation and paste it in your Word document.

2. Increase the number of firms from 3 to 5 (with MC at the no export loss value). What effect does this have on the cartel's Q, P, CS, PS, DWL, and export loss?

3. What can you conclude about the effect of the number of firms on PS from a merger to monopoly (from the cartel)?

Reference no: EM13870907

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