microeconomics, Microeconomics

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characteristics of microeconomics

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Price gouging, In John Stossel's article, "In Praise of Price Gouging", Sto...

In John Stossel's article, "In Praise of Price Gouging", Stossel argues that a law banning price gouging would result in a two-block line for gasoline after Superstorm Sandy. a.

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Problem 1: (a) Critically examine the differences between the Neo-classical growth models and the endogenous growth theory. (b) Show the relevance of such models in explain

Demand and price, examples of quantity demand when prices increase

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BUREAUCRACY: M de Gournay, an economist of France, first coined the word Bureaucracy in the eighteenth century to refer to "a fourth or fifth form of Government" in which "off

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What are the uses of elasticity’s to the public sector and private sector?

Monopsony is one buyer of a commodity, Monopsony is single buyer of a commo...

Monopsony is single buyer of a commodity in the market.  The MRP slopes downward in an imperfectly competitive (resource) market serving an not perfectly competitive product mar

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The vast majority of corn and soybeans produced in the United States is grown in the Midwestern states including: Nebraska, Iowa, Illinois, Indiana, and Ohio. This region experienc

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