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A monopoly is broken into a number of competitive parts. Predict the changes in output and price which are likely to take place.
Making the basic assumptions that,
1) The individual parts of the monopoly will function as subsidiaries;
2) Both are supposed to be profit maximisers; and
3) The monopoly had no advantages of scale, then the sum of the individual PMC firms MC curves will equivalent market supply curve - and be identical to the monopoly s MC curve.
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The World Trade Organization is a successor organization to the A.United Nations. B.World Bank. C.International Court of Justice. D. GATT.
Explain the concept of elasticity and describe why the supply of petrol in the short run is relatively inelastic.
Construct two graphs that exhibit equilibrium in the petrol market - assume that there are no taxes. Clearly label the equilibrium values. (a) Graph the AFC, AVC, ATC, and MC fu
disuss with an aid of a diagram the kinked demand curve
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what is the impact of interest rate in consumption
You are given the following information about an economy: Gross Investment = 40 Govt. purchases of goods & service =
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