Deriving the Trace of Optimal Output for a Noncompetitive Firm
A Monopolist or monopolistic competitive firm has no supply curve independent of the demand curve for its product. The intention of this paper is to utilize this dependency and show that under a generally accepted and practiced assumption about changes in the market demand curve facing a noncompetitive firm, it is possible to derive its locus of supply points or its trace of optimal output. Copyright International Atlantic Economic Society 2012
Volume (Year): 40 (2012)
Issue (Month): 1 (March)
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