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Problem:
i) What do you meant by the term ‘economic efficiency'?
ii) By using appropriate examples differentiate between fixed and variable costs.
iii) Consider different markets explain how a given firm can increase its overall profitability by pure manipulation of its pricing policy?
iv) A perfectly competitive firm is better than a monopolistic firm in terms of economic efficiency. Discuss.
v) Explain the measures governments can use to control monopolies.
factor influencing quantity supplied
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its elements , scope calculation
please can you explainn what "down 0.1 percentage point on the quarter means"?
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draw the supernormal curve
I am having a hard time figuring out how to find marginal product.
what are the factors influencing supply
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illustration for demand of big macs using indifference curve and budget line
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