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Explain how price and output are determined in both the short run and long run in a monopolistically competitive market (15 marks)

Firstly define some features of monopolistically competitive market including: differentiated products, some influence over price, good information, no barriers to entry or exit, manyproducers and consume...

EP
Answered by Emma P. Economics tutor
12756 Views

Compare how two items/people are presented in a text.

This is a common question asked in CGSE English Language, that is to explain the presentation of people/items within a text and often to compare them. The first thing I would do would be to look for adjec...

II
1753 Views

A circle has equation x^2+y^2+6x+10y-7=0. Find the equation of the tangent line through the point on the circle (-8,-1).

The circle can be written (x+3)2+(y+5)^2 = 41 and so has center (-3,-5).
The gradient through the center and the point (-8,-1) is;m = (-5+1)/(-3+8) = -4/5.
The tangent line is perpend...

RL
Answered by Rhianna L. Maths tutor
1032 Views

Explain Kant's categorical imperative

Kant's categorical imperative is stated as "Act only according to that maxim

HK
2460 Views

Explain the difference between current and voltage

Current is defined as the amount of electrons that flow through a wire per secondVoltage is defined as the amount of energy that each electron carries as it passes throug...

HK
Answered by Harout K. Physics tutor
2147 Views

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