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Do all developing economies have same underlying problems?
Less developed countries are similar but exceptional. The impact of a problem will vary depending upon circumstances as like:
• Factor endowment,
• Infrastructure,
• The size and utilize of past current account deficits,
• Culture and legal structure,
• Sectoral balance,
• Open and transparent governance,
• Income distribution,
• Savings levels,
• Rural-urban imbalances,
• Openness of economy to world economy and capital flows
• Recent foreign debt levels
• Degree of dependence onto agricultural exports.
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Hatfield owned a large farm on which he grew grain. His combine was inadequate in relation to the acreage of grain that he harvested annually. As a result, on several occasions his
Assume the firms cost function is: C(Q)= 100+10Q+Q^2 , Determine whether this industry is a natural monopoly when the demand function is: 1) D(P)= 100-3P 2) D(P)= 90-3P 3) D(P)= 10
Describe the characteristics of Monopolistic Competition
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Do all developing economies have same underlying problems? Less developed countries are similar but exceptional. The impact of a problem will vary depending upon circumstances
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