microeconomics

BECC-132 Solved Assignment 2024 | PRINCIPLES OF MICROECONOMICS – II | IGNOU

Discuss the features of an Oligopolistic market structure. What are the various reasons that lead to emergence of this market structure? Expert Answer Features of an Oligopolistic Market Structure Oligopoly is a market structure characterized by a small number of firms that dominate the market. This structure leads to unique behaviors and market dynamics. 1. […]

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BECC-131 Solved Assignment 2024 | PRINCIPLES OF MICROECONOMICS – I | IGNOU

The behaviour of the firm which seems to be efficient in the short-run may found to be inefficient in the long-run. Do you agree? Explain using appropriate diagram. Expert Answer Short-Run Efficiency vs. Long-Run Inefficiency in Firm Behavior The efficiency of a firm's behavior can vary significantly between the short run and the long run

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