Competition among buyers and sellers is a control
Illustrate Competition among buyers and sellers is a controlling mechanism?
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1. Large numbers of sellers mean that no single producer or seller can control the price or market supply.
2. Large number of buyers means that no single consumer or employer can control the price or market demand.
3. Depending upon market situation, manufacturers can enter and leave industry easily.
Give a brief introduction of the term combined leverage? And in what manner it is calculated?
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Elucidate an example of simultaneous changes in both supply and demand?
Explain producers in an industry are receiving pure or economic profits?
The dataset used in this question contains data on 180 economics journals for the year 2000. The variable descriptions are as follows: logoclc - log of the number of library subscription loglibcit - log of the library subscription price per citation.
What are the main sources of growth?
Elucidate state expenditures and receipts for all states in 1998?
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