Question: 1.1. 4 Based on Equation 8.2, by how much does the resid ual elasticity of demand facing a firm increase as the number of firms
1.1. 4 Based on Equation 8.2, by how much does the resid ual elasticity of demand facing a firm increase as the number of firms increases by one firm? (Hint: See Solved Problem 8.1.) M 2. Profit Maximization
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