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explain bains model of limit pricing
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
Problem 1: (a) Explain the common set of problems that developing countries usually face. (b) In your opinion, which of the problems described in part (a), are more signifi
what is discounting principle?
Non-Tradable:Some products can't be transported over long distances or otherwise sold to consumers from far-off locations. These products (including some goods as well as most serv
Taxes: Compulsory government levies collected to pay for public spending. There are numerous types of taxes (corporate, income, wealth, sales, environmentaland payroll taxes); each
discuss scarcity,choice and opportunity cost
concept of supply and the factors that affect the supply
conditions of pareto optimality
Definition and graph of centralized cartel
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