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Q1. Discuss the concept of diminishing marginal utility with the help of necessary tables and graphs taking a suitable example. Q2. Identify the goods and

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Q1. Discuss the concept of diminishing marginal utility with the help of necessary tables and graphs taking a suitable example. Q2. Identify the goods and services available in Oman under Monopoly. Analyse the difference between Monopoly and Competitive market. Suggest how a market can be competitive and favorable for small investors

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