Discuss the short-run cost-output relations, Microeconomics

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Micro Economics

1. Discuss the short-run cost-output relations.

2. Write a short note on pure competition.

3. Describe excess profit criterion.

4. Discuss the various ways by which rival firms may react to change in price made by one firm.

5. Explain the effects of taxation on the equilibrium of a firm.

6. Write a short note on imperfect competition in the factor market.

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