Figure 310 illustrates the derivation of an industry supply, Econometrics

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Figure 310 illustrates the derivation of an industry supply

Figure 3.10 illustrates the derivation of an industry supply curve under competitive conditions where each firm receives the same price for its output. What is the relationship of this procedure to the equimarginal principle discussed earlier in the chapter?

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Econometrics: Figure 310 illustrates the derivation of an industry supply

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Econometrics: Figure 310 illustrates the derivation of an industry supply

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