Principles Of Economics, Ap Edition, 9781337292603, 1337292605, 2018
Principles Of Economics, Ap Edition, 9781337292603, 1337292605, 2018
8th Edition
ISBN: 9781337292603
Author: Mankiw
Publisher: Cengage Learning (2018)
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Chapter 17, Problem 1PA

Subpart (a):

To determine

Equilibrium price.

Subpart (b):

To determine

Calculation of marginal revenue.

Sub part (c):

To determine

Calculation of profit.

Subpart (d):

To determine

What would be the price and quantity of diamond in Russia and South Africa after formation of cartel.

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