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Day: December 20, 2024

What is Price discrimination? explain its kinds.

20 December, 2024 Haseena Banu 0 Comments ECONOMICS 5

Introduction: Generally speaking the monopolist will not change uniform price for all the customers in the market he will follow different methods and the different circumstances. The price discrimination policy refers to the a seller

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Explain the price and output determination under perfect competition under short run and long run.

20 December, 2024 Haseena Banu 0 Comments ECONOMICS 5

Introduction: In a perfect competition market structure, price and output determination occur through the interaction of demand and supply forces. Individual firms are price takers, meaning they accept the market price determined by the overall

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