If the government could only observe prices quantities and
If the government could only observe prices, quantities, and royalty rates (But did not know the demand curves or the marginal cost curves), could it determine if a royalty was for a minor or major patent?
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1market demand for a certain commodity is qd 12 - p and the short-run total cost function for the firm is srtc q q2
if the government could only observe prices quantities and royalty rates but did not know the demand curves or the
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