Paramount concern of government trade
Whose interest should be the paramount concern of government trade policy-the interests of producers (business & their employees) or those of consumers?
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Details: The kinked demand curve in an oligopolistic market is represented by the following: P = 100 - Q and P = 120 - 2*Q
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What would the point elasticity of demand be at P = 75? How about at P = 100? If your demand changes to Q = 100 Pb, at what value of b would your entire demand curve become unit elastic? Why?
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