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illustrate and discuss implications of various market structure(non competitive and competitive) for price determination
Question 1: i) Elaborate on the different types of price discrimination that a monopolist may use and what are the required preconditions for its application? ii) What dete
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
to what extent are interest rates determined by the economic theory
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Q. Strength of the multiplier in microeconomics? Multiplier: An initial stimulus to spending (in form of new consumer, business or government purchases) generally results in a
indiffference curve
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
Internal and external economies of scale: Internal economies of scale are the advantages or benefits that the firm enjoys as it expands its size or increases its scale of ope
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