Solution-Under what circumstances are economic profits good

Under what circumstances are economic profits good indicator

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1. Under what circumstances are economic profits a good indicator of market power? A poor indicator?

2. Explain why it is not possible to estimate the demand curve simply by fitting a line through annual observations on price and quantity.

Reference no: EM13874730

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Under what circumstances are economic profits good indicator : Under what circumstances are economic profits a good indicator of market power? Explain why it is not possible to estimate the demand curve simply by fitting a line through annual observations on price and quantity.

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Under what circumstances are economic profits good indicator

Reference no: EM13874730

Reference no: EM13874730

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