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of pizza 20
Producer’s Efficient quantity
revenue 0 5 10
10 15 20 Marginal benefit
(value) of pizza
(value) D Quantity (thousands of pizzas per day) Is the Competitive
At the competitive equilibrium, marginal
benefit to consumers of last unit purchased =
marginal cost to producers of supplying that
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This document was uploaded on 03/14/2014.
- Fall '14
- Opportunity Cost