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what is pure competition markets?
Suppose that the short-run world demand and supply elasticities for crude oil are -0.076 and 0.088, respectively. The current price per barrel is $30 and the short -run equilibrium
quesinrent
Commodities that are viewed as luxuries typically have price elastic demand, and commodities that are requirements have price inelastic demand. There is easily no substitute for a
I need some help to answer a discussion topic question about Potential Pareto Improvement, based on an article
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod
What are the possible negative consequences of economic growth in a developing country? Define economic growth as an enhance in GDP during a given time period, and then define
describe returns to scale and give examples of each.
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