Assume that the market demand for milkshakes is as


Assume that the market demand for milkshakes is as follows:

Shake(s)

Price($)

0

20.00

800

15.00

1800

12.50

3600

9.15

5000

7.14

6000

6.10

6800

5.40

7400

4.94

7800

4.10

8100

3.00

8300

2.70

In the perfectly competitive market that we have discussed, what would the equilibrium price be?

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Business Management: Assume that the market demand for milkshakes is as
Reference No:- TGS01701929

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