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optimal contracts under symmetric information
HOW TO REDUCE SMOKING USING INDIFFERENCE S AND BUDGETLINE
discuss the term of price mechanism,give examples to elaborate the concept clearly
Example: The Value of Clean Air Air is free in sense that we do not pay to breathe it. Question: Are benefits of cleaning up air worth the costs? People pay extra to buy
describe the dominent firm model
The Industry's Long-Run Supply Curve * Long-Run Elasticity of Supply 1) Constant-cost industry Long run supply is horizontal Small increase in price will induc
price of laptop increases by 20% and there is a 40% drop in the quantity demanded?
THEORY OF CUSTOMS UNION: A customs union is an association of two or more countries to encourage trade. The countries making such an arrangement agree to eliminate tariffs and
what is the theory of supply
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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