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Prove the theory of second best with the help of a diagram
what is non- collusioligopoly and how its price and output is determined
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
criticism of cournot model
Using commodities as an example, explain the factors influencing the PES for such goods. The basic determinants of PES are time span included and the availability of producer s
Q. Strength of the multiplier in microeconomics? Multiplier: An initial stimulus to spending (in form of new consumer, business or government purchases) generally results in a
How can we calculate the Inflation rate Inflation: The rise in general prices and the decrease in value of money. Inflation is a sustained increase in the general price level
How to use Demand and Supply tools to analyze the case of the Egyptian labor market?
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
Ask question using health care as an example explain how markets fail due to different types of externalities arising from jointness in production and consumption
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