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Author Question: Elsie is a perfectly competitive dairy farmer. The market price of milk was $2.40 but just fell to ... (Read 89 times)

frankwu

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on: May 24, 2019
Elsie is a perfectly competitive dairy farmer. The market price of milk was $2.40 but just fell to $2.20 a gallon. Elsie
◦ can sell as much milk as she wants at $2.20 a gallon.
◦ will have to charge some customers $2.40 a gallon to stay in business.
◦ will produce the same amount of milk at both prices.
◦ can sell more at the lower price because the quantity demanded is higher at lower prices.
◦ will be able to charge her initial customers $2.40 a gallon.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by frankwu on May 24, 2019

ndhahbi

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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frankwu

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

nothere

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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