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Is it possible for a firm to be both Price taker and price maker? A firm can either be a price taker or a price maker. It cannot be price maker and price taker at the similar
application of indifference curve analysis to the problem of exchange
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?
Engel Curves -Engel curves relate quantity of good consumed to income. -If good is a normal good, Engel curve is sloping upward. -If good is an inferior good, the Engel c
INTERNATIONAL MONETARY FUND: The important objectives before the Fund presently are as follows: • To promote international cooperation; • To facilitate the expansion and ba
why does the quantity of education change in the private universities much more responsive than salt as to changes in price?
Examine the factors that influence a country s exchange rate. Suppose and define a floating exchange rate, the major issue here is to outline the factors influencing the supply
Why Have These Economies Converged? By and large economies which have converged are those which belong to OECD: the Organization for Economic Cooperation and Development that w
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