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What is market clearing level and public good? Market clearing level is the price level current in the market at which consumer is willing to purchase a particular commodity f
merits and demerits of monopsony
run a s monopoly how will this benefit stakeholders involved, such as the goverment, businesses, and consumers?
contemporary issues in microeconomics in nigeria
1. Why is a proprietary good necessary for a firm to choose to become a multinational? 2. In Ramondo, Rappoport, and Ruhl (2011), "Horizontal vs. Vertical FDI: Revisiting Evi
How can we test adulterants in vegetable oils?
when average product is decreasing, marginal product is?
State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported
Explain the axioms of completeness, transitivity and non-satiation using appropriate examples.
A tax imposed on a market with an inelastic demand and an elastic supply will cause
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