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When single business or corporation dominates its area and squeezes out all its competition, the result is the consumer does not have a open choice, and inevitably, the price of its products or services will enhance, and the 'Monopoly' enhances its profit. Though, sometimes prices stay low to discourage anybody from entering the market, profit still does happen. Not to be confused with a pure monopoly, where a company has control over the whole market for a product because of barriers.
Though, a monopoly is a philosophical process of direct competition leading to a pure monopoly it is not in itself a purely dominating force. It is rather, the process of getting competitive grounds for strive toward total control.
factors that causes the shifts in balance of payments
what is difference b/w dynamic and static multiplier
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Classify each good as a final good or intermediate good. (briefly explain wach choice) 1. running shoes 2. cotton fibers 3. watches 4. textbooks 5. coal 6. sunscr
using a classical labour market , illustrate the effects of a real wage existing in the market that is lower than the equilibrium real wage. what will eventually happen in this lab
equilibrium real wage
Determine the Economic functions of money There are three functions of economics of money - A medium of exchange. - A unit of account - Store of value.
Compare and contrast federal government expenditures, state and local government expenditures, and financing government expenditures. Suggest a total of three actions that should b
Explain, using the best framework you can think of (based on our class discussion), the effect of a large federal deficit on interest rates.
differentiate among the theory of external trade
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