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The Mixed Economy
There are no economies in the world which are entirely 'market' or planned, all will contain elements of both systems.
The degree of mix in any one economy is the result of a complex interaction of cultural, historic and political factors. For example the USA which is a typical example of a largely work-based society, but the government still plans certain areas of the economy such as defence and provides very basic care for those who cannot afford medical insurance.
how equilibrium output can be find in williamson model
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p=10, TC= 1000+2Q+.01Q^2, Q=?
1. Suppose in a perfectly competitive industry the market demand and supply forces combine to produce a short-run equilibrium price of Rs 70. Suppose that a firm in this industry h
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