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Question 1:
1 Explain the importance of barriers to entry in the control of Monopoly rents.
2 Discuss the extent to which competition leads to market promotion?
Question 2:
The term ‘globalisation' means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people.
Critically discuss the economic impact of globalization on one specific sector in Mauritius. (Hint: you are required to examine threats and opportunities specifying facts or assumptions)
Question 3:
Distinguish between positive and negative externalities? Justify your answer using examples.
To what extent does the recent government policy, such as the creation of CSR Fund, corrects for negative externality?
PROGRESSIVE TAX A progressive income tax system is one where the higher the income, the greater the proportion paid in taxes. This is effected by dividing the taxpayers' inco
Real and nominal measures Output, Expenditure and Income can be valued at current market price in which case we speak, for example, of money or Nominal NNP, or NNP valued
Advantages of Perfect Market It achieves, subject to certain conditions, an allocation of resources which is: socially optimal" or "economically efficient" or "pareto effi
To eliminate competition and thereby secure higher prices, firms producing a specific product can come together and make monopoly agreements. These are called as industrial combina
explain in detail ramsey pricing with example?
explain marris model
You are the new owner of Vanda-Laye Corporation. You are interested in your company''s cost and revenue relationships as well as its future pricing strategies. Tasks: Analyze how
define scarcityand oppurtunity cost.show how these concepts are useful in managerial decision making
Opportunity Cost This is the amount that is sacrificed when choosing one activity over the next-best alternative. In organization, an example of opportunity cost is seen in th
Explain the importance of managerial economics.
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