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The very name of this market type suggests that it is a combination of the monopoly and competitive firms. The characteristics of such a market are: 1. There exists large n
EXPLAIN KINKED DEMAND CURVE
Suppose scientists discover that eating soybeans prevents cancer and heart disease
Graphically illustrate how society decides on the number of police officers to hire
what is bains theory ? describe with the diagram
REAL BUSINESS CYCLES: The extent of this module is partly indicated in the title. It is about real business cycle (RBC) theory. In addition, it exposes you to New Classical Bu
5 stratgies that can be used to regulate skilled labour in developing countries
Explain about the optimal consumption rule. The optimal consumption rule: While a consumer maximizes utility, the marginal utility per dollar spent should be similar for all
on what grounds is consumer surplus criticised?
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
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