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What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
What are the causes of emergence of monopoly?
what is theory of product pricing?
Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b
Theories and Models ?? Microeconomic Analysis – Theories are taken in use to describe the observed phenomena in terms of a set of essential rules and
POLICIES FOR SOCIAL INFRASTRUCTURE DEVELOPMENT: The origin of official policies for social infrastructure development is the National Policy of Education, 1986 for the develo
1. What are the uses of elasticity to the public sector and private sector? (20 marks)
Frictional and Cyclical Unemployment: Frictional Unemployment: It refers to unemployment caused by changes in individual labour markets. This is the type of unemploymen
Water Meter Replacement Program: Typically water providers install meters at each service address, read meters monthly and charge customers according to their usage. In resid
what are the values of real money supply and the current price level
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