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Prices of other related goods i) Substitutes: If X and Y are substitutes, then if the price X increases, the quantity demanded of X falls. This will lead to inc
Profit as rent of ability: one of the most widely known theories of profit was propounded by F.A. Walker. According to him profit is the rent of is the difference between the earn
marris'' model of managerial enterprise?
what is meant by equi-marginal concept
Explain the classification of oligopoly?
howw much should the firm produce to maximize its profits
ELASTICITY OF DEMAND
in the context of an environment of business,state briefly the implication of (1) Ee>1.....(2)Ee=1......(3)Ee=0.......(4)Ee
(Kinky Demand Curve) Short Period Kinked demand curve was first used by Prof. Paul M. Sweezy to elucidate price rigidity under oligopoly. In an oligopoly market, firm knows that
A company is selling a particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it.
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