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P=140-4Q mc1=20+30q for plant 1 mc2=80+10q for plant 2
how many units should be produced by plant 1 and plant 2 to maximise profit for this monopoly?
The Fed's decided to maintain its low interest-rate target in the face of a rightward shift of theAD curve in the late 1960s which led to an inflationary equilibrium. Discuss the short-run and long-run costs and benefits of the Fed's other two op..
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Give at least two examples of a perfectly competitive market and explain what characteristics led you to that decision. Second, give at least two examples of a monopoly market and explain what characteristics led you to that decision.
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