Write in brief about the firm chosen and explain how the firm is trying to create a monopoly or dominating the market?
Assignment Questions: Q1. You have been hired as an economic consultant by a price-taking firm that produces T-shirts. The firm already has a factory, so it is operating in the short-run. The price of T-shirt is $9, the hourly wage is $24, and each T-shirt requires $1 worth of material. The following table shows the […]