flamingo98231 flamingo98231

19-04-2024
Business

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Assume that the monopolistic competitor produces tractors. She incurs fixed production costs of 750,000,000 and marginal costs of 5,000. The demand parameter is b=1/30,000. The total annual tractor sales in the Home market is 900,000 tractors. What is the total cost of production for the monopolistic competitor?

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