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Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?
what is externalities and market inefficiency
At a market price of $21 a toy, what quantity does the firm produce in the short run and does the firm make a positive economic profit, a zero economic profit, or an economic loss?
Why do so many international markets tend towards oligopolist structure? Definition of oligopoly - few and large firms with market power Basic assumptions of oligopoly
how do minimum units cost change with changes in fixed cost
Aska) Summarize the basic tenets of the arguments in thiscase b) Do you agree with main tenets of the arguments in the case? Why? Justify your answer with detailed explanations.
When is tax to society cause a deadweight loss? Applying Consumer and Producer Surplus: The Efficiency Costs of a Tax A tax causes a deadweight loss to society, since les
explain the cobweb model of equilibrium
Syndicated and organized oligopoly
how microeconomic issues maybe represented using production posibility curve
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