ajaz_eco_204_2012_2013_chapter_16_Market_Power

Eco 204 s ajaz hussain do not distribute heres another

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Unformatted text preview: Explained 1 24963.03014 24963.03014 Unexplained 1 70.96985583 70.96985583 Coefficient Regression Table Standard t-Value F-Ratio p-Value 351.7413 0.0339 p-Value Error Confidence Interval 95% Lower Upper Constant 179.5124509 79.94048107 2.2456 0.2667 -836.2276683 1195.25257 Revenue + Service Hours 4.044560944 0.215655081 18.7548 0.0339 1.304403333 6.784718554 PTC’s power cost model is: Notice that: 17 ECO 204 Chapter 16: Analysis of Firms with Market Power (this version 2012-2013) University of Toronto, Department of Economics (STG). ECO 204, S. Ajaz Hussain. Do not distribute. Here’s another example of estimating a cost model through regression analysis: earlier, we estimated several demand models for the diet variety of brand X. Once again, here’s a snapshot of the data set: STORE Hval_150 WEEK oz_X oz_Y Price_X Price_Y MC_X MC_Y 62 0.09001 101 13,032 2,088 0.025 0.028 0.021 0.022 62 62 0.09001 0.09001 102 103 3,384 2,088 3,960 19,296 0.028 0.030 0.030 0.028 0.023 0.025 0.025 0.022 62 …...
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