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Highlight four features of isoquant curves

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Reference no: EM132889392

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

2. Highlight four features of isoquant curves

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

4. Enumerate five sources of external economies of scale

5. Explain the law of variable proportions

6. Enumerate four assumptions underlying the law of variable proportions

7. Identify the sources of diseconomies of scale

8. List three properties of isoquant curves

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

10. Highlight five disadvantages of monopoly market structure

11. Distinguish between perfect oligopoly and imperfect oligopoly

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

13. Outline the characteristic of an oligopoly market structure

14. Distinguish between the terms expansion path and price consumption curve

15. Outline four advantages of a controlled market structure

Reference no: EM132889392

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