Economics price taking model一問

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1 Answer

  • 9 years ago
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    1. Not equal.

    '.'left hand side is single firm, right hand side is market.

    2. when S increases, price is at p1 not atc( see the market)

    the equilibrium is at the yellow pt(mc1 and p1) not the cross.

    Q decreases eventually. 再唔明再問

    3. It is 巧合

    No such thing as the longrun equilibrium stated that the Q remain unchange. The main thing to focus is on the market, the Q decreases.

    U r welcome to judge me!

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