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Question 1:
1 Explain the importance of barriers to entry in the control of Monopoly rents.
2 Discuss the extent to which competition leads to market promotion?
Question 2:
The term ‘globalisation' means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people.
Critically discuss the economic impact of globalization on one specific sector in Mauritius. (Hint: you are required to examine threats and opportunities specifying facts or assumptions)
Question 3:
Distinguish between positive and negative externalities? Justify your answer using examples.
To what extent does the recent government policy, such as the creation of CSR Fund, corrects for negative externality?
Let consider the following game among an employer (Katharine) and an employee (Kevin). Katharine needs Kevin to work hard rather than loaf around and that is why she considers spe
Open Economy None of the three economies considered so far are engaged in trade with Foreign Countries. Such economies are often referred to as Closed Economies. In contrast
Supply and Demand Discuss and analyze following statement: The Wall Street Journal reported that recent law school graduates were having a very difficult time obtaining jo
CAPITAL ACCOUNT This records all transactions arising from capital movements into and out of the country. There are a variety of such capital flows recorded, namely: i.
Electron Control, Inc., sells voltage regulators to other manufacturers, who then customize and distribute the products to quality assurance labs for their sensitive test equipment
prepare a break-even analysis to determine volume required to cover costs with and without a specified profit target and price.
A risk-neutral agent's working life has two periods. In each period, the agent can provide high effort (at personal cost $2,000) or low effort (at zero personal cost). In a given p
types of capital budgeting
No demand forecasting method is 100% accurate. Collective forecasts develop precision and reduce the probability of huge mistakes. Methods which relay on Qualitative Assessmen
Menu Costs Why do firms not change their prices very frequently? Obviously, the costs of changing prices at frequent intervals and in small amounts must be more than the b
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