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Perfect competition:
The behaviours of firms in perfect competition. It should be noted that firms that fit into perfect competition model are very rare in real-life situations. The closer examples are found mostly in agriculture and extractive industries. Nevertheless, the model of perfect competition provides a standard with which the actual performances of firms in certain segments of our economy can be compared.
Smoking cigarettes is a leading cause of many diseases
explain and illustrate the changing demand for big mac using indefference curve and budget line
the conclusion
Define
Former communist economies which is, with varying degrees of enthusiasm and have embraced CAPITALISM.
Should the bank not have anyone to lend the demand deposit to (like that will ever happen) would the size of the money multiplier decrease? If so, why?
#queUse a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more wome
the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded
in the context of managerial economics how do you explain a rational producer.illustrate giving example.
Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total re
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