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1. Explain- a. Tragedy of commons b. Free rider problem c. Diminishing marginal utility d. Diseconomies of scale e. Tax incidence f. Elasticity g. Gains from
schedules for cost
Q. What do you meant by Real GDP? Real GDP:Value of total gross domestic product (which is, all the services and goods produced for money in the economy) adjusted for effects o
Banks: A company which accepts deposits and issues new loans. It makes profit by charging more interest for loans than it pays on deposits, and through several service charges. By
edge worthmodel
Explainbainlimitpricetheory
MUa/MUb how it happens? and why this occur?
how does economics bridge the gap between economic teory and practise
what is oxidizing agent
Find the best response functions and the mixed strategies Nash Equilibrium if each player randomizes over his actions.
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