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Problem 1:
i) According to you the Central Electricity Board in Mauritius operates in which type of market structure? Justify your answer.
ii) Compare and contrast a perfectly competitive firm with one operating under monopolistic competition.
iii) The existence of a monopoly is always disadvantageous to customers. Discuss.
Problem 2:
i) Critically examine the reasons for a country to engage in free trade.
ii) Describe the different types of barriers that exist to trade.
Market theory is expected to apply to factor markets in a similar way to its application to product markets. However, there is extensive evidence in the Mauritian economy to sugges
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Recent standardized test scores suggest that the Milwaukee Public School system is facing a profound moment of crisis, a reality shared by school districts in many other US cities.
Industries in the country of Technologia invest in latest equipment that annually enhance productivity of private workers by three percent. Government employees do not profit from
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Problem 1: "The public sector needs to be reformed so as to meet the challenges of the day." With special reference to Mauritius, discuss the challenges that the public sect
According to estimates by Goolsbee and Petrin (2004), the elasticity of demand for basic cable service is ?0.51, and the elasticity of demand for direct broadcast satellites is ?7.
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