1. BellringerMankiw Ch 15How would your life change if there was only one firm who: •Sold groceries •Provided university education •Fixed cars 2. Competition experiment…

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Slide 1© 2007 Thomson South-Western, all rights reserved N. G R E G O R Y M A N K I W PowerPoint ® Slides by Ron Cronovich 14 E S S E N T I A L S O F F O U R T H E D I…

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Review Exercise (1) #3, p.344 PRGE True or False? A profit maximizaing monopoly faces a demand with constant price elasticity of -2. His marginal cost is also constant at…

Review Exercise (1) #3, p.344 PRGE True or False? A profit maximizaing monopoly faces a demand with constant price elasticity of -2. His marginal cost is also constant at…