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Mechanism Design Theory.



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Mechanism Design Theory is a field of economics that studies how to design mechanisms that allow people to interact in order to achieve desired objectives. It is often used in the context of auctions, where the auctioneer wants to design a mechanism that will allow bidders to reveal their true preferences in order to maximize … Read more

What is the turnover?



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The volume of business is the total set of income that a company receives as a result of its activity. This income comes directly from the economic transactions that have been carried out by the company during a certain time. In addition, the concept of business volume directly includes the total value of those goods … Read more