Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Question
Chapter 15, Problem 3.2P
(a)
To determine
Profit maximizing output, price, total revenue, total cost and total profit of the firm.
(b)
To determine
What happens to the industry in the long run.
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Principles of Economics (12th Edition)
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