Q.2. Knowledge externalities
• There are two power plants A and B, each selling electricity, noted e, at a price of $1 per unit. For each plant, the total cost of producing e units of electricity is given by:
Q.2. Knowledge externalities
• There are two power plants A and B, each selling electricity, noted e, at a price of $1 per unit. For each plant, the total cost of producing e units of electricity is given by: