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thoery explanation
1.what is price mechanism? 2.how does price mechanism benefit an echonomy. 3.what are the characteristics of a centrally planned economy?
When should a firm shut down production in the short run?
"price makers" never want to produce in the inelastic part of their demand curve why
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
1).Explain a coordination failure. Using the Prisoner's Dilemma example above, discuss coordination failure. 2). What's a Market Failure? Please define the circumstances under w
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commodi
1. The marginal benefit (demand) curve for pollution for an industry is P=100-4*Q, where Q is emissions in tons. The current emissions tax (price) for pollution is $40/ton. Regu
observations and result
comprehensively discuss the market structure in the South African mobile telecommunication industry
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