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Question 1:
a) Explain clearly the three concepts of elasticity of demand.
b) Using these concepts, explain and comment on the strategies you would recommend for increasing the revenue of a typical small business in your country. You may consider the case of a mini supermarket.
Question 2:
a) What are the characteristics of a perfectly competitive market?
b) Supposing that a perfectly competitive industry became a monopoly, what changes would you expect to see in:
1) the price of the industry's good, 2) the output of the industry's good.
c) What are the major sources of market imperfection in the real world?
Hsve s Finsncial Econometrics project that needs to be done. It involves fitting AR(1)-Garch(1,1) model to two series of log returns and copulas, forecasting and Risk calculation
a debit is used to record
Power is a listed group reporting under IFRS. The group was established when Power purchased an 80% of the ordinary share capital of Shuttle, a listed company, on 1 January 2009 fo
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