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if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
STRATEGIES AND POLICIES FOR ADMINISTRATIVE REFORMS: As stated in a United Nation's Publication, following strategies and policies are necessary to bring about administrative i
why sellers and producers keep pricess lower
International Comparisons Method In the 1960s, a few developing countries of the world looked around the developed world in search of models of development. For instance, Sout
how does utility figure in the analysis of consumer demand
what are the solutions to cost push inflation
define law of demand
When does deadweight loss occur to society? Applying consumer and producer surplus the efficiency costs of a tax: A tax causes a deadweight loss to society, since less the g
the law diminishing marginal utility explain through flow chart
Costs of Education The resources employed to produce a good or service measured in monetary terms is known as the ‘cost of the product’. If the measurement is per unit of serv
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