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Theory of Oligopoly: Oligopoly is that situation where the number of firms in the market is large but not as large as in the case of perfect competition so that it is possible for
Price elasticity is used in economics to determine the changes in price of goods and services. It measures the change in price demanded and quality supplied. Determinants of pri
Highlight the few heading of it
Explain the micro and macro economic issues that can be represented on the PPC
What is meant by dumping? Dumping is when a producing country dumps goods on foreign markets at a price lower than either the price on the home market or below the cost (HL: ma
how does economics bridge the gap between economic teory and practise
diagram of extension and contraction in demand?
what is disposable income and its importance.
what are the recommendations for effective economic planning?
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
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