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book Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow cover

Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow

Edition 14ISBN: 978-1337794985
book Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow cover

Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow

Edition 14ISBN: 978-1337794985
Exercise 7
How is the market price of a good determined? When the market for a product is in equilibrium, how will consumers value an additional unit compared to the opportunity cost of producing that unit? Why is this important?
Explanation
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Market price of good is determined by th...

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Macroeconomics 14th Edition by William Baumol,Alan Blinder,John Solow
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