Question

In India, the government is the sole proprietor of electricity. It also charges different rates of electricity establishment like business houses, household, industries.on the basis of this information, answer the following questions
1.which type of the market is being described in the above study? Explain.
2.which characteristics of the market is highlighted here? When is it Profitable?
3.explain how equilibrium of this market will be determined in the presence of this characteristics. Use diagram
4.comment on the supply curve of this market

Answer 1

Answer:

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