ignoring hedonic pricing considerations in input(s) and output(s) and also ignoring dynamics, explain WHY in the...

ignoring hedonic pricing considerations in input(s)

and output(s) and also ignoring dynamics, explain WHY in the presence of

NON-PERFECTLY COMPETITIVE market structure(s) in the input,

output or both markets, the optimal level of input use AND consequently the

associated level of optimal level of production WILL BE LOWER than if a

perfectly competitive market structure was (were) present in that (or those)

markets.

Expert Solution

Rahul Sunny answered 1 year ago

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