Microeconomic Theory
12th Edition
ISBN: 9781337517942
Author: NICHOLSON
Publisher: Cengage
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Question
Chapter 15, Problem 15.13P
a)
To determine
To find: Comparison of posted prices with cost, checking its positivity or negativity, and allocation of surplus.
b)
To determine
To find: Example of real world that seems to be priced as in part(a).
c)
To determine
To find:
Whether the deviation is unprofitable or not.
d)
To determine
To find:
Forces leading to an unprofitable deviation.
e)
To determine
To find:
Nash equilibrium and its comparison.
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