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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 consumersD...
EP
Answered by Emma P. • Economics tutor
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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 adjectiv...
II
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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 perpendicular to this so has ...
RL
Answered by Rhianna L. • Maths tutor
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Explain Kant's categorical imperative

Kant's categorical imperative is stated as " Act only according to that maxim whereby you can, at the same time, will that it should become a universal law." This is known as Kant's first formulati...
HK
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Explain the difference between current and voltage

Current is defined as the amount of electrons that flow through a wire per second Voltage is defined as the amount of energy that each electron carries as it passes through the wire
HK
Answered by Harout K. • Physics tutor
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