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1. Explain how the aggregate supply curve for the entire economy can be derived under; i. Classical assumption ii. Keynesian assumption 2. Explain how equilibrium can be a
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
Which firm has the greatest minimum efficient scale?
Explain how oligopolies can work both for and against consumers. Oligopolies market power can of course work against consumers - as price-setting and any form of collusion will
all the problems involved in measurement of profit
how does the prices system affect a country
how the increase in price will affect consumer''s ability to maximise satisfaction?
Discuss about Modern economic growth Modern economic growth is also a shift in the kinds of things we do at work and play and in the way we live. Back in immediate aftermath of
Indifference curve definition
Joe Brown’s dairy operates in a perfectly competitive marketplace. Joe’s machinery costs $500 per day and is the only fixed input. His variable costs are comprised of the wages pai
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