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Unformatted text preview: the willingness to pay- Eventually only price-sensitive 6nsumers are Ieft. The supply curue (S) reflects the ost of producing the good. There are threJ potential equilibria: 0, N'l and N2; only the latter is stable...
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This note was uploaded on 12/29/2011 for the course ECON 6 taught by Professor Dianne during the Fall '10 term at Simon Fraser.
- Fall '10