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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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2types of competitors strategic and distinct competitors and also identify you strategic competitor and also identify strength and weaknesses of strategic competitor.
Q. Describe briefly the concept of pricing and the factors that influence pricing. Ans.: Price is all around us. We pay rent for our apartment, tuition for our, railways, ed
do u have someone expert in this field
technolgoy can change the following three factors? a. politics b. lifestyle c. production process d. buying patterns
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