Q8P6

1. The diagram below represents the long run equilibrium of a firm in imperfect competition, which seeks to maximise profits. Label the diagram and use it to describe the long run equilibrium position for a firm in Imperfect Competition. The long run equilibrium of a firm in imperfect competition, which seeks to maximise profits as shown in the diagram can be described as follows?
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2. Ireland's current account in the Balance of Payments is in deficit. Which of the following reasons explain why this situation exists?
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3. Ireland's current account in the Balance of Payments is in deficit. Which of the following reasons explain why this situation exists?
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4. Ireland's current account in the Balance of Payments is in deficit. This is because ______.
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