Industrial Economics-Entry Preventing Pricing (IEcoS (Economic Services) Economics Paper-3): Questions 1 - 2 of 2

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Question number: 1

» Industrial Economics » Entry Preventing Pricing

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Appeared in Year: 2017

Essay Question▾

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What is the entry preventing pricing strategy? (100w, 5 Marks)

Explanation

  1. In a general setting, new firms tend to enter the industry after lured by excess profits [Price Average Cost (AC) ] enjoyed by the existing firms. Thus, reducing the profits to zero

  2. Entry preventing pricing strategy is one whereby existing firms fix the price at a level of demand which restrict

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Question number: 2

» Industrial Economics » Entry Preventing Pricing

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Appeared in Year: 2012

Essay Question▾

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Explain the Wage-Goods strategy of development formulated by C. N. Vakil and P. R. Brahmanand and critically examine the same.

Explanation

  • The model is an alternative to the Mahalanobis model; the model has adapted and modified classical growth theory of income and employment in the context of disguised unemployment of the developing countries.

    • It has emphasized the role of fixed capital; they laid stress on wage goods or liquid capital in determining the growth of income and

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