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Problem:
i) What do you meant by the term ‘economic efficiency'?
ii) By using appropriate examples differentiate between fixed and variable costs.
iii) Consider different markets explain how a given firm can increase its overall profitability by pure manipulation of its pricing policy?
iv) A perfectly competitive firm is better than a monopolistic firm in terms of economic efficiency. Discuss.
v) Explain the measures governments can use to control monopolies.
Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b
when does market equilibrium occur?
current rate of gdp
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A MANUFACTURING UNIT IS INTERESTED IN DEVELOPING A BENEFIT SEGMENTATION OF THE CAMERA MARKET. SUGGEST SOME MAJOR BENEFIT SEGMENT WITH MARKET TARGETING STRATEGIES?
Suppose a government uses an expansionary fiscal policy to get out of a recession. Use the IS/LM model and the IS-PC-MR model to explain what monetary policy to pursue.
required urgent
Explain how consumers might benefit from the existence of monopolies. While the standard issue of monopolies having higher prices and lower output that competitive markets migh
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