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Critically analyze Mr. Vincent’s reasoning
Assume the firm mark up over the cost is 10% and the wage setting equation is W=P (1-u) where U is the unemployment rate. a) Search the real wage rate implied by the price set
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Cannibalism This is refers to the reduction of sales in one goods caused by the introduction of another product, where both products are made by the similar organizations.
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Critically analyze Mr. Vincent''s reasoning.
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