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Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
Survey Methods: The most direct method of forecasting demand in the short run is survey method. Surveys are conducted to collect information about future purchase plans of the
meaning of economics laws
Gross Domestic Product, Deflator: A price index that adjusts the overall value of GDP according to average increase in the prices of all output. GDP deflator equals the ratio of no
Economics and Ethics : Morality and ethics are powerful motivations to behavior. Thouh, economists suppose that rationality is a function of demonstrable self-interest. That mean
What is the Molarity and Normality of the ferrous ammonium salt ? For exam....196 gm (initial)
what are the variables to be included in the social welfare of a country?
how can a price ceiling make consumers better-off? under what conditions might it make them worse off?
Assume that the market equilibrium rent for two-bedroom apartments in Santa Monica, California is $1500 per month and the quantity is 40,000 units. The city council of Santa Monica
Derived demand and Demand schedule: D erived demand is where the demand for a final product leads to the demand for a second product which is used to produce this final p
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