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What are terms included in oligopoly?
Oligopoly includes:
• The meaning of oligopoly, and why it arises
• Collusion
• Game theory, particularly the concept of the prisoners’ dilemma
• Tacit collusion
• Antitrust policy
Write the forecasting techniques There are many forecasting techniques available to person assisting the business in planning its sales. Take for instance a forecasting metho
Q. Define Profit maximisation theory? Profit maximisation theory defines that firms (corporations orcompanies) will establish factories where they see potential to achieve the
what is the theory of firm?
Discuss the price output determination using profit maximization under perfect competition in the short run.
Contributions of economic theory to business economics According to Baumol, there are 3 key contributions of economic theory to business economics. 1. Practice of building
Structural unemployment Caused by structural changes such that there exist: Cyclical unemployment : During depression, prices are too low and profit margins remain d
what does it mean?
1. Prof. Marshall 'The more nearly perfect a market is, the stronger is the tendency for same price to be paid for same thing at the same time in all parts of the market". 2. Pr
Explain the theory of production, Managerial Economics Explain the Theory of Production
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