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the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
1). Define and explain the concept of an externality. Provide examples of both positive and a negative externality. 2). The Prisoner's Dilemma Exercise:
what is disposable income and its importance.
Discuss the impact of rational self-interest on each of the following decisions
what does production possibilty curve means?
Ask question how do I find the Price
How to solve questions of endowments?
WHAT IS A PRODUCTION FUNCTION SCHEDULE?
illustrate and discuss implications of various market structure(non competitive and competitive) for price determination
The Concept of Efficiency is stated below: To illustrate this concept of the efficiency, it is used to expand the understanding of what is meant by the Pareto-efficient allocat
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