Tag Archives: The isoquants are convex to the origin

The isoquants are convex to the origin because higher isoquant gives higher level pf output. The isoquants are convex to the origin also shows that lower isoquant shows lower level of output.


MARKET STRUCTURE

Market structure is the form of structure in which the firms are producing same products which are homogenous. Market structure includes Monopolistic Competition, Oligopoly & Duopoly. Market structure also describes about the market condition of the economy. Continue reading

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