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QUESTION
a) How would the strategy of a firm faced with repeated games differ from that faced with sequential games?
b) What do you understand by an optimal level of pollution and critically discuss the different ways of internalising external costs.
c) The manager of a clothing and textile company in Mauritius, which produces for both the domestic market and foreign markets, is considering expanding its scale of operation and decides to forecast its sales for the following six months. Outline two techniques of forecasting which you would suggest to the manager and comment on your rationale.
d) Discuss the various types of inefficiencies caused by the public sector.
what are the principles of multi unit finance and principles of grant design
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why is it important to consider the complex nature of health and health care when examining economic principles related to health care delivery?
what do you understand by private & public goods. Distinguish between private and public goods.
Advantages of frequency distribution
Describe the basic process by which an economy moves by a business cycle. What is meant by a demand-pull inflation? How does a demand-pull inflation vary from a cost-push inflati
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Consider two different consumer-directed health plans. One has a $5000 deductible, with the insurance paying for all care after the deductible has been met. The other has a $2000 d
Jack and Jill live alone on an island. Their labour supply schedules are identical and given by L = (1 - t)w, where t is the income tax rate and w denotes the wage. Jill's wage i
3 voters, A, B, and C, will decide by majority rule whether to pass bills on issues X and Y. Every of the two issues will be voted on indiviually. The change in net profits (in dol
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