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Explain how consumers might benefit from the existence of monopolies. While the standard issue of monopolies having higher prices and lower output that competitive markets migh
Disadvantages of division of labour: Division of labour may also have disadvantages that may include the following: (i) Lack of Craftsmanship Division of labour does not m
what are the variables to be included in the social welfare of a country?
Suppose scientists discover that eating soybeans prevents cancer and heart disease
Q=10-2P,PRICE DECREASE FROM RS 3 TO 2
if the marginal production of labor is rising, is the marginal cost of production rising or falling? Briefly explain
1- Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model. a) explain and illustrate the economy adjustment ( in the medium run)
Total cost curve (TC) is obtained by adding up vertically total fixed cost and total variable cost curves because the total cost is sum of total fixed cost and total variable cost
what is the example of this law
Ask question using health care as an example explain how markets fail due to different types of externalities arising from jointness in production and consumption
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