Calculation of marginal revenue
A perfectly competitive firm operating in the market depicted in graph (1) is producing 311 units of output at the profit-maximizing level. What is the marginal revenue of the 312th unit?
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Company A has announced a rights offer to raise $40 million for a new journal. The journal will review articles after the author pays a non-refundable reviewing fee of $5000 per page. The stock currently sells for $53 per share and there are 4.1 m
What is the adjustment process that drives economic profits to zero? Why does this process not occur in less competitive industries?
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