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After leaving his car in an unauthorized place, Smith went for dinner with friends in a nearby restaurant. When he was back, he noticed that his car had been hit and damaged by another car which, nonetheless, was properly parked in authorized place next to Smith's car.
Suppose the second car's owner sued Smith for the damage caused to his car because of the improper parking of Smith's car. What do you think the court will rule? Why?
Suppose, instead, Smith sued the second car's owner for negligence causing damage to Smith's car. What do y
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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