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1. Describe the optimal conditions in a consumer's problem using indiscriminate curves and budget lines. 2....

1. Describe the optimal conditions in a consumer's problem using indiscriminate curves and budget lines.

2. Explain each of the best conditions in the issue of corporate profit maximization and cost minimization.

3. Compare and explain the balance conditions of the fully competitive market and the balance of the Cournot and Bertrand in the oligopoly model.

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