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explain why policies for promoting market competition are desireable
"Take a monopolist with a constant average cost. The higher is the elasticity of demand at the chosen monopoly price, the higher is the monopolist's profit-to-revenue ratio." Expla
subsitution effect dominate tha income effect in which good case?
Q. Explain about Capacity Utilization? Capacity Utilization: A company or economy's capacity represents maximum amount of output it can produce. Rate of capacity utilization, h
write characterstics of duopoly
why we study micro econmics?
What is the theory of second best
discuss the implications of various market structures(competitive and non-competitive) for price determination
Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
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