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A change in the legal statute may be able to force an equilibrium if it leads to a new equilibrium which implies some revised belief which sustains the equilibrium. Tirole (1996) developed a model to study group reputation and demonstrated that an anticorruption programme of sufficient duration and severity can play in switching an economy from high corruption with sustained belief it to one with low corruption and sustained belief for it. This shift has wide spread impact on all most all the sectors of the economy.
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various credit arrangements
Write a short note on product mix efficiency?
Unions tie the hands of management and inhibit efficient decision making
Question 1: "The only social responsibility of business is to increase its profits" wrote Milton Friedman, Economics Nobel prize winner, in an article in the New York Times Mag
what are the principles of multi unit finance and principles of grant design
In the context of hospital care, explain and distinguish between occupancy rate, capacity, and utilization.
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