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1. How does the number of producers in a market affect the chances of forming a workable cartel?
2. How do the costs of entering a market affect the chances of forming a workable cartel?
Industry studies often suggest that firms may have long-run average cost curves that show some output range over which there are economies of scale and a wide range of output over which long-run average cost is constant.
(a) Calculate the number of firms on market
What is the Marginal Rate of Technical Substitution between labor and capital and what is the least cost method of producing the target level of output
perfect competition 1. a perfectly competitive firm has the short-run marginal cost functionmc 3 6q 3q2where k
An integrated, combined cycle power plant produces 285 MW of electricity by gasifying coal. The capital investment for the plant is $570 million, spread evenly over two years. The operating life of the plant is expected to be o20 year.
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a mechanical engineer who is anticipating paying for his daughters college education plans to start depositing money
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