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Question 1: Compare and contrast between perfect competition and monopoly. Which of the two types of market structures is efficient? Question 2: Prepare a short notes
diagrammatically condition of consumer equilibirium
What are the different pricing practices?
Short run production period and long run production period: The short run is a period of production during which some factors of production are fixed and some too are variable
Q. What is working of world Bank? An international financial organization formed after World War II and based in Washington D.C. Its supposed purpose is to promote economic dev
Meaning of absolute cost difference and comparative cost difference.
Determine the indirect utility function in brief. Indirect Utility Function: The ordinary utility function, u(x), is described over the consumption set X and thus to as the
The total demand consists of: 1. New owner demand and 2.A replacement demand The replacement demand tends to grow with the in the total stock with the consumers. Once a pe
different btn elesticity of demand and inelasticity of demand
what is basic economic problem
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