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if the inverse demand curve is p = 120 - Q and the marginal cost is constant at 10, how does charging the monopoly optimum and the welfare of consumers, the monopoly, and society?
illustrate a long-run equilbrium using diagrams for the gold market and for a representative gold mine
Consider the model of corruption explored by Shleifer and Vishni's where there is one government-produced good X. There is a demand for that good described by the inverse demand eq
what is the effect on the market for dvd players if the price of dvd rises
what do you understand by production posibility curve?
electronic configuration of s block elements
Mr. Smith can cause an accident, which entails a monetary loss of $1000 to Ms. Adams. The likelihood of the accident depends on the precaution decisions by both individuals. Spe
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
what is microeconomics
The demand schedule for computer chips is given in the table. Price (dollars per chip) Quantity demanded(millions of chips per year) 200
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