Examlex

Solved

Suppose an Industry Facing an Inverse Demand Equation Equal to P

question 17

Essay

Suppose an industry facing an inverse demand equation equal to P = 400 - 0.5Q faces a new pollution control law that shifts its constant marginal cost of production from C1 = 80 to C2 = 100.Compute the social costs of regulation in this industry.


Definitions:

Related Questions