'Marginal cost approach' presentation slideshows

Chapter 14

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Perfect Competition

Perfect Competition. Perfect Competition. Sellers want to sell at the highest possible price Buyers seek lowest possible price All trade is voluntary When we observe buyers and sellers in action See that different goods and services are sold in vastly different ways

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465 views • 34 slides

Market Structure

Market Structure. Sellers want to sell at the highest possible price Buyers want to buy at the lowest possible price All trade is voluntary Yet we see that different goods and services are sold in vastly different ways One culprit is the market structure

394 views • 18 slides