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WHAT ARE ROLE AND ASUMPTIONS OF ECONOMIC THEORIES
Perfect competition has the following characteristics: 1. Large number of firms - There are a large number of firms in the market. Due to this each firm produces a very small fr
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Perfect competition: Perfect completion refers to the market structure in which there are a large number of relatively small firms, each firm having freedom of entry into and
TC = Q3 – 8Q2 + 68Q + 4, get the median and mode
The benefits of increased openness in trade. Narrowly defined, trade openness is lowering trade barriers - facilitating increased imports - whereas focusing on international ex
What is the resultant pressure if 2.7 mol of ideal gas at 273 K and 2.51 atm in a closed container of constant volume is heated to 399 K
What are the advantages and disadvantages of monopsony?
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
Assume you see that two macroeconomic variables are correlated with each other. But you want to know if there's an underlying or causal relationship between the two variables. Wo
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