q1 mention three businesses that you are familiar


Q1. Mention three businesses that you are familiar with or that you have dealt with recently. Choose on which market structure that these businesses fit - monopolistic competition, perfect competition, and oligopoly also monopoly. What characteristics were most important in making your decision about the market structure of the business

Q2. A firm employs a production function Q = F (K, L) for which only two values of K are possible, K1 and K2. Its ATC curve when K = K1 is given by ATC1 = Q2-4Q+6. The corresponding curve for K = K2 is ATC2 = Q2-8Q+18. What is this firm's LAC curve?

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Business Economics: q1 mention three businesses that you are familiar
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