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1. Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? 2. Explain oligopoly's structure and use game t
identify which curve (demand or supply) will be affected?
Illustrate about the elasticity of substitution. The Elasticity of Substitution: The technical substitution’s marginal rate measures the slope of an isoquant. As well the el
2ALBr3+3K2so4--->6KBr+1Al2(so4)3
Choosing Output in Long Run * In long run, a firm can change all its inputs, including size of the plant. * We are taking free entry and free exit. * Accounting
Deviation in graph
Risk Loving - A person is a risk loving if they show a preference toward the uncertain income over a certain income having same expected value. Examples: Gambling, some
Measuring the Economic Value of Education A review of research works regarding the economic value of education shows that it developed in four different directions. They a
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
Analysis of business portfolio by using Boston Consultant Group (BCG) Matrix.
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