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waht are the characteristics of perfect competetion market
Syndicated and organized oligopoly
Consider that the government tells a large monopolistic firm that maximizes profits that it has to pay a fee to the Reelect the President Committee same to one third of its total p
Inflation-Unemployment Trade-off under Rational Expectations : Robert Lucas (1972) pointed out another implication of the above hypothesis of adaptive expectations. Suppose in
#what is exceptional supply curve
Does the curve represent if the risk is NOT taken and the line connecting two points on the curve represents if the risk IS taken?
What two developments are demanding new ways of looking at the economic world in the 21st century? What kinds of sustainability questions do they raise? Two developments that
This is also known as sales force Opinion Method. In this method instead of consumers the opinion of the salesmen is sought. It is sometimes referred as the grassroots approach as
arguments in favour and against of Theory of Profit Maximization
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