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Features of monopolistic competition: Large number of firms in the industry. There are many small firms each supplying only a small share of the total market output. Hence, no
Formal and Informal systems - MRP System Most production systems are full of 'pushes' and 'pulls'. The formal system issues orders, ie 'pushes'. The informal system tries to
derive demand equation
How to use Demand and Supply tools to analyze the case of the Egyptian labor market?
Consider 2 firms i=1,2 producing quantities q1 and q2 respectively. Let the market price be given by P=a-b(q1+q2). Firm 1''s Marginal cost c is common knowledge but 2''s cost is no
How does a per unit tax affect consumer surplus.
implications of varios market structure for price determination
using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
What is the theory of absolute and comparative advantage?
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