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Monopoly power is commonly associated with oligopolists and not just monopolists.

Firms in these markets use their monopoly power to construct entry barriers such as hugely expensive adve...

A constructive plate margin occurs where two or more plates move apart from each other. Convection currents within the earths mantle force magma upwards towards the Lithosphere, this melts the rock in the...

Elasticity of demand, or more formally Price Elasticity of Demand (PED) is a measure of the extent to which the amount of a good demanded by consumers varies with response to a change in its price. It ...

When proving trigonometric identites, we must show that the left hand side of the equation = the right hand side. Here we will start with the left hand side (LHS) and show that it is equivalent to the rig...

The nth term is a formula that allows us to find the value of a term in a sequence given its position in the sequence, whether this is the second term (n=2) or the millionth (n=1000000). In the above sequ...