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QUESTION
(a) One of the differences between a monopolistically competitive industry and a perfectly competitive one is that in the former, there is product differentiation. (i) Explain what is meant by product differentiation. (ii) Compare and contrast monopolistic competition and perfect competition.
(b) Explain the pricing strategies of an oligopoly market?
(c) To what extent is it true that monopolies are bad for the consumer?
What factors affect Population Change? Population growth is affected by given factors: • Births from the 1960s birth rates have declined quickly inmost LDCs except which in
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EXPLAIN WHY INTERDEPENDENCE IN OLIGOPOLY RESULTS IN A TENSION BETWEEN COOPERATION AND COMPETITION.
Describe the terms inflation, deflation, and inflation rate and price stability. Inflation and Deflation: a. An increasing aggregate price level is called as inflation.
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Calculate the expected yields for a (1,4,2,1) path
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