Suppose that there are just two firms in a small market. Acme Manufacturing’s Total Costs equal $100 + $3 Qty. Generic Industries’ Total Costs equal…

Suppose that there are just two firms in a small market. Acme Manufacturing’s Total Costs equal $100 + $3 Qty. Generic Industries’ Total Costs equal $500 + $3 Qty. Compare cost functions at the two firms. Which statement is true?

Join the Conversation

54 Comments

Leave a comment

Your email address will not be published.