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Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? Answer The term externalities refers to bot
INTERNATIONAL DEVELOPMENT ASSOCIATION: International Development Association (IDA) is an affiliate of the IBRD. It was established in 1960 to provide "soft loans" to economica
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
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
Ask questMicroeconomics Reference No.:- #Minimum 100 words accepted#
Consider 2 firms i=1,2 producing quantities q1 and q2 respectively. Let the market price be given by P=a-b(q1+q2). Firm 1''s Marginal cost c is common knowledge but 2''s cost is no
Unions in a Competitive Market: Again, there a group of economists who will rely on the use of the competitive model to demonstrate the evils of unionization. The most regular anal
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elasticity of demand of a product in different market forms such as perfect competition, monoply etc.
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
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