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How would the price mechanism decide resource allocation in a competitive (free) market?The main issue it to explain how the price mechanism has a signalling, rationing and incentives function for the actors on a competitive market, creating equilibrium on the market and allocating resources in different markets.
Average product of a factor is the total output produced per unit of the factor employed thus, Average product = total product / number of units of factor employed If Q stand
5 reasons of make in contruction a ppc
GOVERNMENT FINANCE: UNION AND STATES: The fiscal position of the Governments - both Centre and States - has been under stress since the mid-1980s. The stress stems from the i
consumers oriented application
what is the buying power of one''s income?
criticisms of monopolistic competition
Unemployment: Unemployment refers to a situation where people who are willing and able to work do not find jobs at the existing wage rate.For a person to be referred to as une
what is multi-plant monopoly?
if the inverse demand curve is p=120-Qand the marginal cost is const ant at 10 ,
any village panchayat in west bengal and get information for doing a project.
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