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Q. Illustrate the sources of monopoly?
Merger for Large-scale Production: Thirdly monopoly undertaking can be a consequence of the necessity to produce on a large scale to decrease costs. Existing small firms may merge into a big firm or may not survive in long period. It's only when there is single firm in such a situation which costs are greatly decreased because of the economies of large-scale production.
Rival Firms Eliminated: Fourthly, unfair means and pressure tactics by a giant firm may result in elimination of rival firms from industry to secure sole position of a giant firm.
#Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above.question..
In the national income analysis, investment refers to the value of than part of the aggregate output for any given time period which takes the form of construction of new structure
• Budget constraint, budget line, budget set, Budget constraint is a very important concept in economics and is utilized even in advanced economic theory. Let the competent tutors
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Calculate point elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
theory
In a one-shot game, if you advertise and your rival advertises, you will each earn RM5 million in profits. If neither of you advertises, your rival will make RM4 million and you w
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