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ECO100 Economics for Business - 2026 Semester 1
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Kinked demand suggests in oligopoly:
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If regulators force monopoly to set P=MC:
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Monopolistic competition LR outcome:
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PC firm’s short‑run supply is:
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Shutdown in SR if:
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Short‑run shutdown if:
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With diminishing returns past Q*, MC:
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Short‑run identity:
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AFC as Q increases:
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Banana price rises 10% and Qd falls 15%. TR will:
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