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1. In a perfectly competitive world of two individuals, A and B, and two goods, X and Y, if good X is a pure public good and good Y is a private good,
a. Derive the Pareto Optimal condition
b. Compare this condition with the Pareto Optimal condition where the two goods are all private goods
c. Discuss the four categories of goods with a few examples
2. In a perfectly competitive world of two individuals, A and B, two products, X and Y (all pure private goods), and two inputs, L and K, derive the following conditions via the Edgeworth Box Diagrams:
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Characteristics of the sales promotion: 1. Sales promotion does not include advertisement, personal selling and publicity. 2. Sales promotion activities are
approaches followed by FMCG in test marketing
three types of methods used for measuring customer satisfaction
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