Equilibrium in Various Market Situations

  • Patricia M. Hillebrandt


It was shown at the beginning of Chapter 9 how the costs of the individual large contract obtained at a single point in time but with work spread over a long period are relevant to the usual cost curves of economic analysis which represent the answer to the question: If the output of the firm were higher or lower than a given level, what would be the effect on costs? The remainder of the chapter was devoted to a detailed consideration of this question.


Construction Industry Demand Curve Cost Curve Supply Curve Market Situation 


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© Patricia M. Hillebrandt 1974

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  • Patricia M. Hillebrandt

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