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Q. Illustrate Fiscal Monopoly?
Fiscal Monopoly: To stop exploitation of consumers andemployees, government nationalises many industries and obtains fiscal monopoly power over them. For example Fiscal monopoly of tobacco in France, Life insurance and general insurance monopoly in USA.
Discuss the applications of Managerial economics concepts or theories in managerial decision making question..
Explain the classification of oligopoly?
Describe ramsey pricing with detailed examples
Can identity economics explain some patterns observed in the Australian economy
how much output should a firm produce? 80$ per unit C(Q)=40+8Q+2Qsquared
incremental raising
Determine the Giffen goods - law of demand An exception to this law is the distinctive case of Giffen goods named after Sir Robert Giffen (1837-1910). 'Giffen goods' doesn't re
game theory matrix dominant strategy
Q. Availability of Substitutes - Determinants of Demand? One of the most important determinants of elasticity of demand for a commodity is availability of its substitutes. Clos
(i) Do the laws of economics still work today? (use the case discussed in class to answer this question or any other examples) (ii) Provide examples of three factors that can sh
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