Question: . x below which marginal cost is constant, at c. a. Solve for the rm's prot-maximizing output if the rm sells in a perfectly competitive

. x below which marginal cost is constant, at c. a. Solve for the rm's prot-maximizing output if the rm sells in a perfectly competitive market. b. Describe the solution possibilities for output if the rm is a prot-maximizing monopoly facing a linear demand curve c. Identify the \"shadow price of capacity\" in each cases (a) and (b). . That is, it has a xed production capacity 5

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