Firm A charged ($4) per unit when it produced 100 units of good X, and it charged
Question:
Firm A charged \($4\) per unit when it produced 100 units of good X, and it charged \($3\) per unit when it produced 200 units. Furthermore, the firm earned the same profit per unit in both cases. How can this happen?
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Unit costs must have been lower when the firm produced 200 ...View the full answer
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