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Unformatted text preview: the market x firms have all available information concerning wage rates, capital costs and output prices Households basic decisions in output markets 1. How much of each product to demand 2. How much labor to supply 3. How much to spend and how much to save Page 61...
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This note was uploaded on 12/29/2011 for the course ECO 311 taught by Professor Willis during the Fall '10 term at SUNY Stony Brook.
- Fall '10
- Perfect Competition