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what is theory of product pricing?
what is law of variable proportions?
Regardless of the market structure, oligopolist and the monopolist maximize their TR when MR=0. Do you agree?
Tc and TVC curves have an inverted s-shape
In theory, we know that a monopolist basis its price directly off of the demand curve, but in practice a monopolist cannot ''see'' the demand curve. Explain how a monopolist might
The sales of a company are the part of the total sales of industry. If the conditions of industry changes then the sales of each of the firm in the industry is affected. All teh ti
ELASTICITIES OF SUPPLY AND DEMAND Usually, elasticity is a measure of the sensitivity of one variable to the other. It told us the percentage change in one variable in re
illustrate and discuss the implications of various markets structures(competitive and non-competitive) for price dertimation
how is monopoly different from opligopoly
Before explaining returns to scale it will be instructive to make clear the distinction between change in the scale and changes in factor proportions. The difference between the ch
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