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Unformatted text preview: has variable costs of $10 per unit and a capacity of 12 units. It faces a competitive market with price p. It should sell a n d . 48% 5% 47% 1. 12 units if p>$10 and no units if p<10. 2. 12 units if p>$20 and no units if p<$20. 3. 12 units if p>$10 and 6 units if p<$10. And on to our lecture...
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 Fall '07
 Bergstrom

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