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A firm has a short-run production function defined by:
Q = -. 02L2 + 8L
What is the short run demand curve for labour (L) in terms of the market wage rate (w), if the firm can sell all its output at $5 per unit?
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explain bains model of limit pricing
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Explain the monopolistic competition model of equilibrium with price competition under chamberlin s model
causes of market failure and its solutions?
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