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equilibrium of production
output and price determination under oligopoly market structure
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What is the difference between houehold and consumers?
TC = 1q^3 - 40q^2 + 840q + 1800 Price= $750
marries model
illustrate and discuss the implications of various markets structures(competitive and non-competitive) for price dertimation
Income and Substitution Effects A fall in price of a good has the two effects: Substitution & Income -Substitution Effect Consumers will tend to buy more of the good
demand for two market are P1=15-Q1&P2=25-Q2.the monopoly TC is C=5+3(Q1+Q2).What are ,output,profit&MR if the monopolist can price disc? riminate
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