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Unformatted text preview: A perfect competitive market does not reflect a setting of strategic interaction because in this market each firm is a price-taker and must accept the market price. In addition, each firm makes a production decision based on the market price. CHAPTER 02 3. Problem #1(p.42 in text) Derive D...
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This note was uploaded on 06/25/2011 for the course DSCI 5431 taught by Professor Miles,c during the Summer '08 term at UH Clear Lake.
- Summer '08