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Unformatted text preview: d) What are MEISC total profits if it is effectively able to charge different prices in
the two markets?
[4 marks] e) If MEISC is required by law to charge the same per-ton rate to all users,
calculate the new profit-maximising level of price and output. What are the
profits in this situation?
[TOTAL : 20 MARKS] [TOTAL : 100 MARKS] QUESTION PAPER ENDS HERE 12...
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This document was uploaded on 02/09/2014.
- Spring '14