ARE120 Figure 05 - 1 LC Q LC Q 1 HC Q HC Q HC a Low-Cost Producer b High-Cost Producer

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Figure 5.2 Non-Transferable Output Quotas Price (P) Price (P) R 0 HC R 1 * S LC P P S HC R 0 LC Q 0 LC Q
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Unformatted text preview: 1 LC Q LC Q 1 HC Q HC Q HC a) Low-Cost Producer b) High-Cost Producer...
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This note was uploaded on 05/03/2008 for the course ARE 120 taught by Professor Alston during the Spring '08 term at UC Davis.

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