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b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
Differentiate between oscillation and damp cobweb model
How to determine the number of moles of butane by your number of moles of butane? using (PV=nRT)
Arc Elasticity of Demand - Arc elasticity calculates elasticity over the range of prices - The formula of it is: * Arc Elasticity of Demand: An Example
What is opportunity cost? Answer: Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the advantages that co
What is corporate governance? Why is it important for board of directors to ensure good corporate governance within a company? Students need to define corporate governance concisel
Laspeyres index The Laspeyres index tells us that: - The amount of money at present year prices which an individual requires to purchase bundle of goods and services which w
pooling in insurance
A surplus on the current account of balance of payments can be financed by? 1. Inflow capital on capital account 2. A surplus on the government budget deficit 3. lending abroad on
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