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what is externalities and market inefficiency
Problem 1: (a) Explain the meaning of poverty. Briefly explain how poverty is measured? (b) Clearly explain the relationship between Poverty, Inequality and Economic Growt
what is basic economic problem
types of market competitions
list all the type of cost
cartels model of collusive oligopoly
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
reason for kinked demand curve
The price of oil increases because OPEC reduces oil production
The price of petrol fell during the past year. a. Explain why the law of demand applies to petrol just as it does to all other goods and services. b. Explain how the substitu
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