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How elasticity is always referred to as a positive value even though it can be negative? In economics, elasticity is measures of the incremental percentage change in single va
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
what is diversification
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commod
net preparation ranjna baghel
A monopolist faces the following demand function for its product: Q = 45 - 5P The fixed costs of the monopolist are $12 and the variable costs are $5 per unit. a) What are the
Environmental pollution may be eloborate as the contamination of the environment, with harmful wastes arising mainly from human activities. All these activities release certain m
is south africa''s economic system now more allocative efficient
what makes it differ from other market structures
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