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A. Describe in detail ow a perfectly competitive industry determines the price and quantity.
B. Explain the role of the firm in this market regarding price and quantity determination.
C. Show your answers utilizing a graph for the market as well as the firm.
q1. illustrate what are the reasons for differences in price elasticity of demand between different products? explicate
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Illustrate what does this outcome reveal about the size of the multiplier
Unemployment spells and long term unemployment. According to the data presented in this chapter, about 47% of unemployed workers leave unemployment each month. What is the probability that an unemployed worker will still be unemployed after one month..
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