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a) Explain the conditions under which a monopolist is able to price discriminate. b) Demonstrate the relationship between a firm's marginal revenue function and its relationship
According to the Linder theory ,trade will occur in goods that have overlapping demand. With aid of a graph ,illustrate this theory and its implications
What is the difference between price value and price level? Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level
what is the importance of law of supply
comprehensively discuss the market structure in the South African mobile telecommunication industry
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commod
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prove that marginal utility of x=the price of commodity x.
concepts of suply
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