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What is a Monopolistic Competition?
A monopolistic competition is a type of imperfect competition where there are many sellers in the market who are competing against each other in the same industry. They position their produ...
Exam Question # Q.6. What do you mean by Monopoly, Pure Monopoly and Bilateral Monopoly: Ans. Monopoly:
Monopoly is a market situation in which there is only one seller of a product. The product has no close substitutes. The cross elasticity of demand with every o...
Exam Question # Q.5. What is the difference between Perfect Competition and Pure Competition?
Ans. Perfect competition is often distinguished from pure competition, but they differ only in degree. T...
Exam Question # Q.4. What are the types of Postponable Costs:
Exam Question # Q.4. What are the types of Postponable Costs
Exam Question # Q.3. What is the relation among Average Cost, Marginal Cost, and Total Cost? ADVERTISEMENTS:
Exam Question # Q.2. What are the types of demand determinants? Ans. i. Producers’ Goods and Consumers’ Goods:
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Producers’ goods are also called as capital goods. These goods are used in the production of other goods. Machinery, tools...
Exam Question # Q.1. How does Managerial Economics Differ from Economics?
Ans. i. Whereas managerial economics involves application of economic principles to the problems of the firm, Economics deals with the body o...
Health And Environmental Effects
The health and environmental effects of the nuclear fuel cycle, from ore extraction to waste disposal, have been documented for over half a decade, beginning with the earliest studies of un...
Nurses’ Contribution To Health Services
Whether practicing in generalist, specialist, or advanced practice roles, nurses are making a considerable and positive impact on the provision of health services. There is a well-establish...
Food Insecurity Increases Risk Of HIV Infection
Inequalities with respect to gender, socioeconomic status, class, caste, and religion are central to the risks people face. Gender inequity shapes power relations, sexual relations, and acc...