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Unformatted text preview: down and it will not be good to stay in market Friendly Hacker is better and can continue to make profit and grow because they have no competitors If it expands, its only because they use private technology and not public If you want something to expand, you need to show where cost comes from Where does public technology assumption fail? At price of $65, there is profit. At price of $22 there is no profit however, running at this price is better than making 0 output because you are losing less money by producing 4 units at $22 then the price of producing 0 and still having to pay fixed costs At $10.50 you should make 0 because your losing more money producing 2 units then by making 0 units EXPERIMENT: WEDNESDAY NIGHT AT 10:00 PM!!!!!...
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This note was uploaded on 02/20/2008 for the course ECON 1110 taught by Professor Wissink during the Fall '06 term at Cornell University (Engineering School).
- Fall '06