Search over 10,000 free study notes

While this question is not in the style the examiners would ask, it demonstrates two important principles: how to expand brackets accurately and how to build intuition about the shape of graphs.
Ans...

Market failure is defined as a misallocation of resources, and essentially entails that market forces are not operating effectively through the price mechanism to distribute goods and services from suppli...

As an oligopoly is when a group of firms have the majority of the market share, they gain price-setting power. One policy they can use is limit-pricing. In lowering the price of their goods, oligopolies a...

Log base 10log(x)=4 ~ 10⁴ =xx=10000

This is a big question with lots of important parts. Put simply though, writing an essay is all about argument and answering your question. You must make sure a very clear argument runs t...