homework #2 – econs 503, answer key · firms produce? answer: each firm is a monopolist in its...
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![Page 1: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/1.jpg)
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![Page 2: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/2.jpg)
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![Page 3: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/3.jpg)
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![Page 4: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/4.jpg)
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![Page 5: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/5.jpg)
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![Page 6: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/6.jpg)
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![Page 7: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/7.jpg)
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![Page 8: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/8.jpg)
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![Page 9: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/9.jpg)
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![Page 10: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/10.jpg)
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![Page 11: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/11.jpg)
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![Page 12: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/12.jpg)
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![Page 13: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/13.jpg)
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![Page 14: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/14.jpg)
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![Page 15: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/15.jpg)
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![Page 16: Homework #2 – EconS 503, Answer key · firms produce? Answer: Each firm IS a monopolist in its own country. Let and maxi- rmzes, max (90 — q3i)d — 10qz3 2 and j B (so that q2](https://reader031.vdocuments.net/reader031/viewer/2022021718/5b898d4a7f8b9a770a8de17f/html5/thumbnails/16.jpg)
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