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Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624 Exercise 18
Using the kinked demand model, explain why a decrease in costs might not lead to a change in price or output (see Chapter 10).
Explanation
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Kinked demand model:
This model comes u...
Managerial Economics 2nd Edition by William Boyes
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