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How does a natural monopoly differ from the more general monopoly market structure we're used to?

A natural monopoly is a subset of the monopoly market structure that we looked at previously. It's a special case, where a monopoly market structure can be more efficient for society (than opposed to the ...

SH
Answered by Samuel H. Economics tutor
1757 Views

What is the value of 5^15 / (5^3)^3

We know from our rule of indices that raising a power to a power can be simplified by multiplying so (53)3 = 59 we also know that when dividing indices we can use the subt...

BG
Answered by Benjamin G. Maths tutor
2548 Views

Describe the process of DNA transcription

DNA is contained in the nucleus of a cell, and is in double-helix form with a sense strand and complimentary anti-sense strand. The two strands have bases hydrogen-bonded to each other with sugar phosphat...

HM
Answered by Helena M. Biology tutor
1520 Views

Find the point of intersection between the lines 2y=-4x+4 and 3y=10x-3

The easiest way to find the point of intersection between two lines is to use simultaneous equations. Begin by setting y=y or x=x. In this case we will be setting y=y, in order to do this you must manipul...

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Answered by Scott S. Maths tutor
2590 Views

What are the economic assumptions for a perfectly competitive market?

There are four fundamental assumptions which must all be satisfied:
There must be many buyers and sellers in the market and they all have to be price takers. That is to say, none of them are large en...

PW
Answered by Peter W. Economics tutor
1469 Views

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