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    Opportunity Cost

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    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?

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    Opportunity cost will be less than the cost of a given-size ad simply the price it ...

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    The solution answers the question below. A profit maximizing newspaper is examined.