Disadvantages and advantages of monopoly market


Question 1:

A perfectly competitive firm is better than monopolistic firm in terms of economic efficiency. Discuss and explain with aid of diagram.

Question 2:

What are the disadvantages and advantages of monopoly market?

Question 3:

Is Protectionism always advantageous? Discuss and explain with aid of examples.

Question 4:

To what extent can a country actually rely on principle of Comparative advantage before engaging in international trade?

Question 5:

To what extent is economic growth advantageous to economy?

Question 6:

Describe using diagrams why a 10 % raise in investment leads to a higher percentage raise in National Income?

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Macroeconomics: Disadvantages and advantages of monopoly market
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