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GIVE EXAMPLES OF EACH OLIGOPOLY MODELS FROM REAL LIFE
•Create a demand schedule and a supply schedule for your product.. •Using these schedules, draw a demand curve and a supply curve using PowerPoint or Excel. Use these to determine
A control in economics means a steady profit rate that is enhancing. Thus, after one year you could have £1mill profit then the next year £3mill profit etc.
What is the theory of second best? Prove the theorem with the help of a diagram
the basic circular flow model suggests that...
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
inflation wide equality while deflation narrow it down due in aggree distify we answer with algement?
what is linear programming
1. "Price discrimination allows a monopoly to increase its economic profit by capturing part of the consumer surplus and turning it into economic profit. Such a situation however l
Explain opportunity costs using a PPF where investment goods are on one axis and consumption goods on the other. Again, a good definition of opportunity costs linked to the not
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