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what is ''Prisoner''s Dilemma'',of non-cooperative game?estion..
what is the use of models in economics?
List two advantages of markets identified by the authors of the text. Markets can be a significant way of allocating resources. Markets include voluntary exchanges. Another b
MRTS and Marginal Productivity The change in output from change in labor equals: The change in output from change in capital equals
baumol''s theory
Meaning of absolute cost difference and comparative cost difference.
if a country is managing its exchange rate what will do to counteract the effect of stock market bubble in this country? explain what central bank will do and show in supply and de
what is mrs
Ask questiowhat are the importance of the branches of economics
When somebody wearing muddy shoes rides a public bus, he imposes a negative externality on other riders (passengers get some mud rubbed off on them, and the shoes look ugly). If a
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