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02-06-2023
Business

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Agribusiness firm ABC is the only buyer of good X. The demand for X is P=460−2Q, where P is the price per unit in USD per unit, and Q is 1000 s of good X. The supply of X is P=40+Q, this is the AE of X. Since ABC is a monopsony buyer, what price will it pay for X ? a 145 b 170 c 190 d 180

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