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Suppose that demand for rollerblades is given by Dp A The cost function for all firms is C(y) = wy2 + f , where f is a fixed set-up cost. The marginal cost of production is

Suppose that demand for rollerblades is given by D(p) = A - p. The cost function for all
firms is C(y) = wy2 + f , where f is a fixed set-up cost. The marginal cost of production is
MC(y) = 2wy. Assume that the industry is perfectly competitive.

May 16 2020 View more View Less

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