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Presume that each firm must make an upfront investment of $1000 to enter the market and t that your competition has already paid this investment and chosen is non recoverable (sunk). Must you make te $1,000 investment and enter the market? If so, how much must you produce and what are your profits? Continue to assume that your firm will survive for only one production period.
Inputs of labor Total Product Marginal Product
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Explain what strategies you used to formulate a viable argument.
Despite the absence of patent protection, Semi-Salt has averaged accounting profits of 5.5 percent on investment since it began producing polyglutamate- a rate comparable to the average rate of interest that large banks paid on deposits over this ..
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