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QUESTION
a) How would the strategy of a firm faced with repeated games differ from that faced with sequential games?
b) What do you understand by an optimal level of pollution and critically discuss the different ways of internalising external costs.
c) The manager of a clothing and textile company in Mauritius, which produces for both the domestic market and foreign markets, is considering expanding its scale of operation and decides to forecast its sales for the following six months. Outline two techniques of forecasting which you would suggest to the manager and comment on your rationale.
d) Discuss the various types of inefficiencies caused by the public sector.
sensors see details and seek detail and precision intuitions see generalities
Draw a simple circular flow of income model for a private sector economy. Label all of the flows, as well as the markets where all exchanges take place. Describe the exchanges, a
When Neff says that "the very essence of public relations is grounded in communication" (2010 p.373) she goes on to point to two features of communication that should aid us in ana
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Public Economics can broadly be understood as that Economics which deals withpublic intervention in the economy. Its domain is supposed to encompass rationalefor public interventio
1. is pareto improved demonstrated using the edgeworth box daigram?
The fragmentation and redundancies of the U.S federal system are expensive in terms of coordination and personnel costs. Would you favor or oppose greater consolidation? Why or why
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