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what is price discrimination not possible under perfect market condition?
Differentiate between monopoly and perfect competition with the help of curves explanation and example ? for each.
A well-labelled graph using the information about the product sold in grams/kilograms/millilitres/litres
the total revenue function for the two goods is given by the equation; TR=36x+3x²+56y-4y². Find the number of units of each good which must be sold if profit is to be maximised when the firm is subject to a budget constraint, 5y+10y=80. I am look for the solution to this problem
Is there a ideal way of aggregating individual preferences into social preferences. Explain using Arrow impossibility theorem. Also give the various voting options with examples.
"As long as preferences are convex, every pareto efficient allocation can be supported as competitive equilibrium" Explain using edgeworthbox.
Why the market demand for input is not the simple horizontal summation of demand curve of the individual? Use diagrams.
How do inefficiency occur in the market due to externalities? Also, in what circumstance adverse selection and moral hazard different. Can one exist without the other?
How government are involved in creating monopolies (10)
The market for fast food chicken restaurants, like KFC, chicken licken and nandos are said to be within the category of monopolistic competition. Examine this market for characteristics and behaviors that link them to this type of market structure (60)
