Bilateral monopoly - PowerPoint PPT Presentation

The Economics of Information and Labor Markets

The Economics of Information and Labor Markets. Markets coordinate through prices, rather than central planners The action of the “invisible hand” of markets Markets enable “price discovery” of the relative value of items in trade

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437 views • 37 slides

Labor Union Ideas

Labor Union Ideas. Intro. You and I have seen that firms that want to hire labor take a good look at the marginal revenue product of labor and consider this MRP as the basis of the demand for labor.

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607 views • 16 slides

Lecture 2(C) Price Discriminaton

Lecture 2(C) Price Discriminaton. Price Discrimination:. What is it? Charging Different Prices for the Same Good Why do firms do it?

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136 views • 11 slides

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