完全竞争市场
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完全竞争市场
完全竞争市场
完全竞争市场
a) profit is maximized when MC = P = 10. The associated quantity is then Q = 80 (pages per hour).
b) When Q = 80, the associated price on the ATC curve is P1 = 7. The economic profit is then
Q*(P-P1) = 80*3 = 240.