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Homogeneous goods, Firms are price takers, An infinite number of suppliers and producers, Firms are profit maximisers, There are no barriers to entry, Producers have perfect information

In Source A, we are able to depict Stalin as being very angry when facing the Berlin Airlift that took place between June 1948 to May 1949. Stalin himself had created the Berlin Blockade in June 1948, in ...

Symbolism is the use of physical objects to create meaning. T.S Eliot remarked, “The world [of Dublin] was made for Joyce’s convenience” meaning that he didn’t have to manufacture symbols, they were lying...

Steps to answering a 16 Mark Question1.) READING THE QUESTION : The most important part of a 16 mark question is discerning between AO1, AO2 and A...

Explain Utility - satisfaction from consuming good
Indifference curve- shows all combination of 2 goods which give consumer equal utilityDraw Indifference curve with examples.- explains why consumer...