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Why are monopolies dynamically efficient?

Monopolies generate economic profit and are therefore better able to invest in research & development which may improve their productive effiency, making them more dynamically efficient over time. 

ZA
Answered by Zaynah A. Economics tutor
15171 Views

What is 'survival of the fittest?'

1. What is ‘survival of the fittest’?

- ‘Survival of the fittest’ is a phrase way to describe the principle behind the theory of evolution by natural sel...

RK
Answered by Radoslaw K. Biology tutor
19249 Views

How do fossil fuel powered power stations and solar powered power stations generates electricity?

In fossil fuels powered power stations fossil fuels (such as coal) are burnt to generate heat. This heats is used to heat a large amount of water and turn it into steam. The movement of the steam cause...

SR
Answered by Sivarjuen R. Physics tutor
4008 Views

What do I do in an unseen poetry exam?

Read the poem to yourself twice in your head. The first time, try and get the sense of the narrative of the poem (the story it's telling). You can note down literary techniques (things like onomatopoei...

IB
6229 Views

What was the impact of Augustus on Ancient Rome?

In the short-term Augustus ended the period of civil war that had plagued Rome for the past 30 years. In the long-term as the first emperor he established an imperial dynasty that would stretch across ...

JJ
2073 Views

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