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Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one large firm Tile King. Ajax produces a multi-headed tunnel wall scrubber that is similar to a model produced by Tile King. Ajax decides to charge the same price as Tile King to avoid the possibility of a price war. The price charged by Tile King is $20,000. Ajax has the following short-run cost curve: TC = 800,000 ? 5,000Q + 100Q2. B. Given Ajax's pricing strategy, what is the marginal revenue function for Ajax?

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9685062

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