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Question 1:
Compare and contrast between perfect competition and monopoly. Which of the two types of market structures is efficient?
Question 2:
Prepare a short notes on any of the following:
(a) Credit creation (b) The concept of returns to scale (c) Monetary and fiscal policy (d) The income method of calculating national income (e) Substitution and income effect of a price fall of a normal good
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The price elasticity of demand is how economists calculate the responsiveness of consumers to alters in prices for a commodity. In other words, as price enhances (reduces), the qu
what is aridge line and significance in economics.
a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?
Regulation is not a panacea. There are troubles with rate regulation. In our litigious society, the legal proceedings contained in rate regulation are not inexpensive for any of
Explain crowding out and why it may be considered important for policy makers. Crowding out refers to how enhanced government borrowing (real borrowing!) might serve to raise i
PanCakes Creations is considering franchising its single brand of pancakes to stall-holders on the Zandvoort beach, which is 5 kilometers long. PanCakes Creations estimates that on
Patricia nominal annual income
what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
Causes of inflation: Excessive growth in wages relative to productivity can cause inflationary pressures. This causes aggregate demand to increase relative to aggregate supp
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