Competition between the producers in Canada
Is there competition between the producers in Canada?
Expert
Yes, Canada has a mixed economy. Therefore, it is going to be some degree of competition among "producers."
Within a monopolistically competitive industry along with no barriers to entry, long run equilibrium will be reached along with the firms into the industry: (1) maximizing total revenue. (2) producing their most efficient outputs. (3)
Describe precautions to be taken in estimating national income by expenditure technique? Answer: The following precautions are to be taken while evaluating N.I. by
implicitly weigh marginal cost and marginal benefit
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I have a problem in economics on demand for Inferior Goods. Please help me in the following question. When income rises, demands for: (1) Substitute goods reduce. (2) Inferior goods reduction. (3) Normal goods reduction. (4) Complementary goods rise.<
When a purely competitive industry is into long run equilibrium, in that case for the typical firm: (a) P = FC = TC = MC = MR = AR = AC. (b) P = AR = MR = SRMC = SRAC = LRMC = LRAC. (c) pure economic profits reward especially effectiv
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When will an augment in supply entail a raise in price however no change in quantity?
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Can someone help me in finding out the right answer from the given options. Economically, the labor unions can be thought of as: (1) Motivating competition between workers for jobs. (2) Raising the flexibility of the nominal wages. (3) Attempts to cartelize and unite
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