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Monthly Archives: November 2019

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  • First Theorem Of Welfare Economics
    By Judy Grier
    November 30, 2019
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    How does a monopoly contribute to market failure?

    According to general equilibrium economics, a free market is an efficient way to distribute goods and services, while a monopoly is inefficient. The inefficient distribution of ...
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  • First Theorem Of Welfare Economics
    By Judy Grier
    November 11, 2019
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    Credit without guarantor

    Anyone who wants to obtain a loan without a guarantor as a loan applicant must also have a creditworthiness on their own. As a rule, it ...
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