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what is the importance of law of supply
Economies of scale are advantages obtained from a company becoming large and diseconomies of scale are additional costs inflicted because a firm has become very large. The causes
Explain how consumers might benefit from the existence of monopolies. While the standard issue of monopolies having higher prices and lower output that competitive markets migh
#question. what is the underlying reason for the law of increasing opportunity cost?
example of cournot model
Zac consumes only pizza and chianti. He consumes these goods in fixed proportions: 2 slices of pizza for one glass of chianti. His income is $100 per week. a. Derive demand func
concept of innovation theory of profit and criticism
How do you calculate marginal revenue, and monopolistic profit?
What are the advantages of trade surplus
Price elasticity is used in economics to determine the changes in price of goods and services. It measures the change in price demanded and quality supplied. Determinants of pri
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