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Solve for the optimal y
Max U = E(rc)- ½ Aσc2 = rf + y[E(rp)-rf] - ½ Ay2 σp2
Both monopolistic competition and oligopoly are market structures
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $12 million in withdrawals from other banks’ ATM machines. On average, noncust..
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