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Firstly, monopolists aim for profit maximisation. This is achieved by operating at an output level where marginal cost equals marginal revenue (MC=MR). However, contrary to other market structures, there ...

The subjunctive, which is technically a 'mood', is a grammatical aspect that everyone struggles with (even students at university!), however after a little practice it is fairly easy to master.Firstly, th...

I would be looking for an answer to divide up the factors as the student sees fit but still allowing coherent analysis. Assessing cultural, economic and social factors would an obvious way to tackle this ...

Whenever possible it is always a good idea to draw a graph to give a better understanding of what is going on in the question. As we have already been given a point on the tangent, namely A(10,7), it is a...

Government spending is the total expenditure by the Government on the public sector in an economy. An increase of this is known as expansionary fiscal policy. This increases aggregate demand, causing a sh...