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Why might an oligopoly be reluctant to change its price? When some large firms have high total market share and are non-collusive, there is a strong element of interdependency.
Efficiency of exchange
The circular flow diagram is used to represent the interdependence that exists between sectors of the economy. The diagram illustrates that there are various collections of same e
a severe restriction occurs to the availability of consumer credit throughout the banking and finance system
difference between absolute advantage & comparative advantage theory
yt =a+fyt-1 +ut, ut =et +?et-1, where et is independent white noise assume the process is stationary. Will OLS generally provide you with consis- tent point estimates of f? Can y
do you agree that according to econmy theory a business will always close if its total reveneu cover total costs
What are the causes of emergence of monopoly?
Budget Constraints * The Budget Line - The budget line indicates all the combinations of 2 commodities for which total money spent equals the total income. * The Budget
Xd(Px)=5000-100Px
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