a) is firm B in a perfectly com… Show more The demand curv

Homework Assistance Economics a) is firm B in a perfectly com… Show more The demand curv

Economics

a) is firm B in a perfectly com… Show more The demand curv

a) is firm B in a perfectly com… Show more The demand curve for firm B is: P Q 1 20 2 17 3 14 4 11 5 8 6 5 6 2 a) is firm B in a perfectly competitive industry? How can you tell? b) according to the standard economic assumption about firms, what is the goal of firm B? c) Firm B hires a consultant, who tells them they should lower their price to $6. Without knowing anything more about firm B, what can you say about the consultant’s advice? (HINT: think about profit maximization) • Show less

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