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There are various implications of the monopoly model; many of which lead to criticisms of monopoly on issues of both technical /allocative efficiency. The prices and output verifi
Perfect competition: The behaviours of firms in perfect competition. It should be noted that firms that fit into perfect competition model are very rare in real-life situation
On what kind of income is our taxing system based?
discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
Functions
Economic Reforms and Industrial Growth Economic reforms were mainly intended to remove obstacles so that investment in industry may be accelerated. With this end in view, indu
Before explaining returns to scale it will be instructive to make clear the distinction between change in the scale and changes in factor proportions. The difference between the ch
what is modern theory
what is budget line?show the shift in the budget line
Ask qdescribe average and marginal revenue under imperfect competitionuestion
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