1. Why is a constant return to scale incompatible with the perfect competition? 2. What is price...

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1. Why is a constant return to scale incompatible with the perfect competition?

2. What is price discrimination? What are the necessary conditions of price discrimination? What companies use price discrimination?

Related Book For answer-question

Managerial Economics

ISBN: 978-0324588866

12th edition

Authors: Mark Hirschey

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Posted Date: Jan 02, 2021 06:01 PM

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1. Why is a constant return to scale incompatible with the perfect competition? 2. What is price...

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Ans 1 If returns to scale are constant Ie k1 and this says that the Market value of the inputs Value ... View the full answer

Managerial Economics

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