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Explain five causes of the u-shaped long

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Reference no: EM132873169

Respond to the following questions

1. Explain five causes of the u-shaped long run average cost curves of a firm

2. Summarize six barriers to geographical mobility of labour as a factor of production

3. Highlight six measures that could be adopted by a government to enhance mobility of labour as a factor of production

4. Argue four cases for and fours cases against specialization as a method of production

5. Highlight four features of isoquant curves

6. Enumerate six attributes of money as a medium of exchange

7. Enumerate five sources of external economies of scale

8. Explain the law of variable proportions

9. Enumerate four assumptions underlying the law of variable proportions

10. Identify the sources of diseconomies of scale

11. List three properties of isoquant curves

12. Highlight four salient features of a monopolistic competition market structure

13. Highlight five disadvantages of monopoly market structure

14. Distinguish between perfect oligopoly and imperfect oligopoly

15. Briefly explain the economic effect of the oligopoly market structure in an economy

16. Outline the characteristic of an oligopoly market structure

Reference no: EM132873169

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