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Below are the two estimated cost functions. describe what type of data was most likely used to estimate each one and why. Explain which is a short- run function, determine the leve
why is normal rate of return on capital included in the total cost and what implication does it have
using the indifference curve approach explain why the demand curve slope downwards from left to right...... is there any exceptions?
"If for a certain market, the concentration ratio CR4 (the combined market share of the 4 largest firms) is 1, its Herfindahl index is at least 0.25." Describe the given statement.
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What are the major differences between the equilibrium of profit maximiser and sales revenue maximiser?
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