Price Theory
Today experience in UST, make me feel my investment in Price Theory is worth.
See if you can answer this question,
Whether it is a must, for a firm producing more output than other, which earns zero profit, makes a loss, given symmetric cost structure?
After drawing out the diagram, it is easy. But what impress me is the prof.'s attitude towards student question - admitting given wrong answer in class, and immediately suggest another, even though his second answer is also flawed.
See if you can answer this question,
Whether it is a must, for a firm producing more output than other, which earns zero profit, makes a loss, given symmetric cost structure?
After drawing out the diagram, it is easy. But what impress me is the prof.'s attitude towards student question - admitting given wrong answer in class, and immediately suggest another, even though his second answer is also flawed.
posted by Outlaw at 10:19 pm
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