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Which assumption of Classic OLS does this model violate?
Explainbainlimitpricetheory
how does the charging the monoply a specific tax per unit affect the monopoly optmum and 5the welfare of consumer
Diversification - Assume that a firm has a choice of selling air conditioners, heaters, or both of them. - The probability of it being hot or cold is 5%. - The firm woul
What is the substitution effect?
What are the three approaches to measuring GDP? The three approaches are: a) The production approach, b) The spending approach and c) The income approach.
What are the costs and difficulties of such an operation? The direct costs are administrative, cooperative and storage costs, whereas the societal costs include misallocation,
ppc shows microeconomics
sir explain me about all things of microeconomics
What are the possible advantages of free trade? Firms a) Specialisation and enhanced use of comparative advantage b) Possibility of advantages of scale c) Spread
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