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Author Question: The following diagram shows a perfectly competitive industry for eggs. The egg producers then get ... (Read 107 times)

Lobcity

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on: May 25, 2020
The following diagram shows a perfectly competitive industry for eggs. The egg producers then get together and set up a marketing agency which becomes the monopoly seller of eggs. The agency sets the profit-maximising price and gives each producer an output quota to ensure that total output is kept to the profit-maximising level.



Assuming that industry costs are NOT affected, the consumer will
◦ gain because price falls from P3 to P2.
◦ lose because price rises from P1 to P2.
◦ lose because price rises from P2 to P3.
◦ gain because price falls from P2 to P1.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Lobcity on May 25, 2020

l.stuut

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Reply #1 on: May 25, 2020
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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Lobcity

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

lindahyatt42

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

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