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#qu3. An industry is composed of 20 firms, all with equal sales. The Herfendahl Index ratio in this industry is a. 1000 b. 500 c. 800 d. This cannot be determined from the informat
Price elasticity of supply: It is the responsiveness of quantity supplied of a commodity to a change in the price of the commodity and measured as percentage change in quantit
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the basics in micro economics
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the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
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#question.what is elasticity of demand? .
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