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Internal and external economies of scale: Internal economies of scale are the advantages or benefits that the firm enjoys as it expands its size or increases its scale of ope
difference between the cardinal analysis theory and ordinal theory
2. You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a per
elasticity of demand of a product in different market forms such as perfect competition, monoply etc.
why mrts should convex to origin
cartels model of collusive oligopoly
List and describe the determinants of the price elasticity of demand and of supply.
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.50 per card, and the cos
detail of consumer surplus with examples
Gains from International Trade: It leads to increased total world production of goods and services. International trade based on comparative cost advantage allows countries to
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