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An "express offer" in contract act refers to an offer that is clearly and directly communicated by the offeror, specifying the terms of the agreement either orally or in writing.
With fixed costs of $400, a firm has average total costs of $3 and average variable costs of $2.50. Its output is:
If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
What is the saddle point for the following zero sum game?