SQ2_Games

What will the equilibrium price in the market be c if

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Unformatted text preview: into the market? 3. Consider a market with demand curve given by . The marginal cost of production is constant and equal to the average total cost of production . a. What must be true about the firm’s fixed costs? Explain. b. If the market is perfectly competitive, how many units will be sold? What will the equilibrium price in the market be? c. If the market is monopolized by one firm, how many units will be sold? What price will the monopolist charge? What will be the monopolists profit? d. If the...
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