Three forces played a significant role in preparing Indian policy makers for economic reform. Describe them

What will be an ideal response?

India's primary trade partner, the USSR, suffered a number of setbacks and finally dissolved; other Asian countries were experiencing economic success, particularly Korea; a financial crisis that resulted from heavy government borrowing.

Economics

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List the characteristics of a perfectly competitive market

What will be an ideal response?

Economics

Figure 11-5 In Figure 11-5, Crown Theater, a monopolist movie theater, has chosen the profit-maximizing output. At this output level, the value of MR is what value?

A. $7.50 B. $6.00 C. $4.50 D. $3.00

Economics