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Economics
Essay specific features
Written by:
Lillie C
Date added:
October 23, 2013
Level:
Grade:
A
No of pages / words:
4 / 1003
Was viewed:
975 times
Rating of current essay:
Essay content:
Expansion in numbers, reduction in input costs.
Constant Cost = Page 577, constant return
Increasing Cost = example, Bus Lines
MONOPOLY = a market structure example, Northeast Utilities
Characteristics:
No Close Substitutes
Inelastic product
One seller, many busyers
little knowledge
high barriers to enter and leave market
resources are not mobile...
displayed 300 characters
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Expansion in numbers, reduction in input costs.
Constant Cost = Page 577, constant return
Increasing Cost = example, Bus Lines
MONOPOLY = a market structure example, Northeast Utilities
Characteristics:
No Close Substitutes
Inelastic product
One seller, many busyers
little knowledge
high barriers to enter and leave market
resources are not mobile...
displayed 300 characters
General issues of this essay:
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