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"If for a certain market, the concentration ratio CR4 (the combined market share of the 4 largest firms) is 1, its Herfindahl index is at least 0.25." Describe the given statement.
what are the properties of marshallian demand function
Ask question how do I find the Price
why is the point outside the production possibility curve(PPC)called unttianable
income generation in a static and dynamic setting
What is the difference between MRTS & MRS?
# 1 Question: Consider a competitive market for Berries. The market demand for the berries is Qd=50-P (Qd is the quantity demanded (cartons) and P is the price in $. The market sup
Within analysis of perfect competition, we distinguish between the short run and the long run on the basis that use of some input factors is fixed in the short run, but variable in
Since World War II, North Korea has had a centrally planned economy in which the government makes the big decisions on how resources will be allocated. Why would you expect North K
Uses of population census: It is used to determine the size and the growth rate of the population at a country. The helps the government in planning for education, transporta
what does production possibilty curve means?
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