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how do oligopolistic market and monopolistic competition react to change in demand and supply ?
What is the Adam smith view of "invisible Hand"? Invisible hand is an unknown power which is working for the interest of total economy. In any economy, everybody cares for his
what is discounting principle?
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
note for assignment
Change in the population of consumers: Population changes may affect the demand for a commodity.Areas of high population may demand more of certain commodities than areas of low
Ask question #Min1) Illustrate and explain the changing demand for big Mac using the indifference curve and budget line.imum 100 words accepted#
Distinguish between interventionist and market-led strategies of development. Explanation of interventionist strategy; heavy government involvement in the planning of output, p
Definition of Pareto Optimal Allocation
I wont final Exam
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