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Consider the following table. It shows the market shares of seven clothing stores (A to G) in five dissimilar cities.
a) Calculate the Herfindahl index (?H) for each city. If an exact calculation is not feasible, give an upper and lower bound.
if market demand is Q= 30 - 3P how do you write the marginal revenue function as a function of Q
SHORT-RUN EQUILIBRIUM All firms are assumed to aim at maximizing profits or minimizing losses. The monopolist controls his output or price, but not both. The monopoly maxi
Pricing Methods
what is objective
Q. Explain about Delphi method? Delphi method: This is a systematic, interactive forecasting method that depends on a panel of experts. Experts answer questionnaires in two o
how to solve problems using derivatives ?
Monetary policy The problems concerning the ability of monetary policy to influence the economy, as for instance the doubts about the ability of lower interest rates to st
What limitations are inherent in the economist’s view of pricing?
Utility Analysis or Cardinal Approach: The Cardinal Approach to the theory of consumer behavior is based upon the concept of utility. It assumes that utility is capable of meas
The Budget line and its economic interpretation The indifference curve shows us consumer preferences but it does not show us the situation in the market place. Here the consu
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