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What is the theory of second best? Prove the theorem with the help of a diagram
What are the economies and diseconomics of scale?
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
Solution of this case study
Q. Define government surplus? Surplus, Government:It's a government surplus exists when a government's tax revenues surpasses its total spending (including both program spendin
state the law of downward sloping demand
Assuming the Heckscher-Ohlin model is true. Suppose the Cuba and Russia sign a free trade agreement. Furthermore, assume the Cuba and Russia only produce cigars and vodka. Russia h
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Market equilibrium happens where supply equals demand (supply curve intersects demand curve). An equilibrium implies that there is no force that will cause further changes in pri
Telecommunications industry in South Africa
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