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Q. Using the specific-factors model, explain why you might expect to see certain capital owners and labor groups arguing against expanding trade in a capital-abundant country

Q. Suppose that TC100+15q and MC=4q. TC is total cost, MC is marginal cost, and q is the quantity produced. The perfectly competitive firm maximizes profits by producing 10 units of output. At what price does it sell these units?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9278097

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