Given that market demand is given by p= 200-2q. Is choosing output such that it is...
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Given that market demand is given by p= 200-2q. Is choosing output such that it is equal to Qm = 75 optimal? (Hint: Use the Lerner Index optimality condition. You do not need to know MC to solve this.). Given that market demand is given by p= 200-2q. Is choosing output such that it is equal to Qm = 75 optimal? (Hint: Use the Lerner Index optimality condition. You do not need to know MC to solve this.).
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To determine if choosing output equal to Qm 75 is optimal we can use the Lerner Index optimali... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
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