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Question:
i) Explain the main problems with government intervention.
ii) Why and how do governments seek to control monopolies?
iii) A country should specialise in the production of the good in which it has the lowest opportunity cost. Discuss.
Monopolistic Competition and Oligopoly: It was recognized that most industries exhibit the features of monopolistic competition in real-life. However, it must be pointed out t
explain diagrammatically the bains model of limit pricing.
REAL VERSUS NOMINAL PRICES • Nominal price is a complete or current dollar price of a good or service when it is sold. • Real price is the price related to a combined me
I wont final Exam
conditions of pareto optimality
how to write an half equation
What is contraction of supply?
INFO: Suppose that a firm is currently employing 20 workers,(the only variable input), at a wage rate of $60. The average product of labor is $30, the last worker added 12 units to
u=2x^2+3y^2 hence income=310 birr and price=3 birr calculate quntity of x and y the optimize&minmize utilityfor the given income
Question: (a) The market demand schedule and market supply schedule for firm H is as follows: Q D = 500 - 10P Q S = -100 + 6P Where Q D and Q S denotes quantity de
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