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Deviation
- Difference between the expected and actual payoff
- Adjusting for the negative numbers
- The standard deviation measures square root of average of squares of the deviations of the payoffs associated with every outcome from their expected value.
- The standard deviation can be given by:
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TC = Q3 – 8Q2 + 68Q + 4
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when price falls
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I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??
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