The New York Times, a profit maximizing newspaper, faces a downward-sloping demand schedule for advertisements. When advertising for itself in its own pages, (for example, an ad saying "READ MAUREEN DOWD IN THE SUNDAY TIMES"), is the opportunity cost of a given-size ad simply the price it charges its outside advertisers?© BrainMass Inc. brainmass.com October 9, 2019, 7:48 pm ad1c9bdddf
Opportunity cost will be less than the cost of a given-size ad simply the price it ...
The solution answers the question below. A profit maximizing newspaper is examined.