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Intermediate Microeconomics - Assignment Example

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Summary

Given that the ith firm has a 20% market share, the elasticity of demand for the industry (ŋT) equal -1 and the elasticity of the supply by other firms (∑0)equals 4, find the elasticity of demand of the ith firm (ŋi) using the formula below.
3. Draw the dead weight loss…
Intermediate Microeconomics
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