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Kiersyn
Questions (2)
Does the shut down run rule apply to oligopolies in the same way as it does to perfectly competitive companies for both the
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Can someone explain what is a cubic cost function? I'm taking a managerial economics course, but I've never taken any algebra or
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Answers (2)
sorry - yes, I meant shut down rule - how is the shut down rule different for oligopolies than for a perfectly competitive company?
Wow, this definition is like greek. What is a polynomial function of degree 3? I know what a constant is and also a coefficent. But what is "imposed the condition a!=0? Can someone explain this in a simpler way that doesn't involve algebra or calculus?
