Explain why selling output at a price below that at which
Explain why selling output at a price below that at which marginal revenue equals marginal cost (MR = MC) might serve to deter entry of a potential competitor.
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lowering the reserve ratioa increases the total reserves in the banking systemb also reduces the discount ratec turns
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explain why selling output at a price below that at which marginal revenue equals marginal cost mr mc might serve to
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if the point price elasticity of demand equals -2 and the marginal cost per unit is 10 the optimal price is a 5 b 10 c
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