Demonstrate that not only profits but also quantity fall

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Reference no: EM131204652

Copy Figure 16.3 , but change the franchise fee from a fl at fee that shifts average total cost up parallel without changing marginal cost to one that increases with volume (quantity). Demonstrate that not only profits but also quantity will fall. (Hint: MC shifts up and rotates clockwise; ATC shifts up, but by increasing amounts as Q increases.)

Reference no: EM131204652

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