Business
Business, 19.04.2021 15:50, samgirl2000

In the market for pickled herring there are two competing producers: Abbas and Taste of Base. Both herring manufacturers have fixed cost of $240,000 a year and a constant marginal cost (AVC) of $1.80 per jar. In the current year, Abbas produced and sold 125,000 jars of herring while Taste of Base produced and sold 150,000 jars. Based on this information, we can expect Taste of Base's quantity sold to and its in the future.

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In the market for pickled herring there are two competing producers: Abbas and Taste of Base. Both h...

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