Ch. 9-#2 - Q* =3 units and P* = $11 The equilibtium...

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Chapter 9, Problem # 2 2.a P $15 13 11 9 7 5 3 1 Q 1 2 3 4 5 6 7 8 TR=P*Q $15 26 33 36 35 30 21 8 MR 11 7 3 -1 -5 -9 -13 MC 7 7 7 7 7 7 7 2.b. Since the price is not constant, then the market strutufre is imperfect comptition.
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Unformatted text preview: Q* =3 units and P* = $11 The equilibtium condition is MR = MC (not P=MC) Ch. 9 # 2 _solution...
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This note was uploaded on 04/09/2011 for the course ECON 201 taught by Professor Joyce during the Spring '07 term at Drexel.

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Ch. 9-#2 - Q* =3 units and P* = $11 The equilibtium...

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