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As there are natural monopoly market situations it is in the public interestto permit monopolies, but traditionally in the United States they are regulated with respect to price. The purpose of the rate regulation was to make sure that the public would not suffer price gouging as a result of the monopoly position of the firms. Some examples of regulated natural monopolies are electric utilities, cable TV companies, and telephone companies (local).
How might a change in the exchange rate affect the domestic economy of the country? A change in the exchange rate - ceteris paribus - will alter relative prices between trading
please may you explain this concept
why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?
implication tructures of various market structures for price determination
how does economics bridge the gap between economic teory and practise
If the marginal product of labor is 45 units of output and the marginal products of capital is 56 units of output while the wage rate is $20 per worker and the cost of capital is $
Explain about the term cost function. Cost Functions This function measures the minimum cost of producing a specified level of output for some fixed factor prices. Likewise
what are the pros and cons of monopsony
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
marginal utility is applied on money or not
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