AP Microeconomics FRQ/Graphing Practice: Draw a correctly labeled graph for a producer that operates a natural monopoly with constant marginal costs. Label the profit maximizing quantity (Q1) and ...

Many economists teach that joint profit maximization leads to a determinate quantity and indeterminate price of the intermediate good traded. Using isoprofit curves, the Truetts argue that only one ...

This empirical application investigates the eventual presence of credit constraints using a panel of French farmers. The credit-constrained profit maximization model proposed by Färe, Grosskopf, and ...

This firm willingly subjects itself to a 100% chance of incurring losses during the present period in exchange for the chance (which is always less than 100%) of earning a stream of monopoly ...