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What are the factors that producers in the society may take into consideration when deciding on the what to produce,how to produce and for whom ?
1. "Price discrimination allows a monopoly to increase its economic profit by capturing part of the consumer surplus and turning it into economic profit. Such a situation however l
thoery explanation
contrast the longrun equilibrium positions of monopolistic competition firm and oligopoly
TRADE policy: The well known economist D. H. Robertson has immortalized the role of trade in development with his famous statement that "trade is an engine of growth". The pol
Unemployment: Individuals who want to be employed, and are actively seeking work, but can't find a job, are considered ‘officially' unemployed. Individuals who aren't working, but
Problem 1: The last half-century has witnessed major changes in the role that governments of developing countries have played, especially in terms of public spending. (a) Ex
A " properly mixed strategy " means a mixed strategy that does not assign all the probability to one pure strategy. In other words, it is not a pure strategy. Consider a simultaneo
RELATIONSHIP BETWEEN TFC ,TC ,TVC
What is the theory of second best? Prove the theorem with the help of diagram.
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