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Explain the factors which would affect the price of a good. As there is a very long list of determinants, the basic issue is for the student to describe and illustrate how shif
Explanation
is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
Suppose that there is a credit market imperfection because of limited commitment. As in the setup with collateralized wealth, each consumer has a component of wealth which has valu
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
Corporatism: A system for managing income distribution andwage determination, in that wage levels are determined centrally (across industries or even whole countries) on the founda
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analyse the rise and fall in the price under market equillibrium situation?
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