What if Questions
8 important questions on What if Questions
Q: Price is below AC but above AVC—operate or shut down?
Q: Price is below AVC—operate or shut down?
Q: Demand shifts right in perfect competition. Short run vs long run?
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Q: Monopolist faces a more elastic demand (same costs). What happens to price and markup?
Q: In Cournot, your rival cuts output. What’s your best response?
Q: In Stackelberg, what’s the leader’s advantage in plain terms?
Q: Why might oligopoly prices be sticky even if costs change a bit?
Q: One sentence linking isoquants and isocosts.
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