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explain diagramatically Bain''s limit pricing mode
Select the production possibilities curve for an economy with 42 units of labor
what are the limitations of economies of scale?
discuss the implications of various market structure for price determination
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
What is production with one variable input
example of marginal opportunity cost
1. On Wednesday the 16 th , 2008 an enormous avalanche knocked out the lines that transmitted electricity from a hydroelectric dam to Juneau, Alaska. This eliminated Juneau's prima
houthukkar analysis in micro economics
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
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