July 28, 2021

Category: Unit 3

Competition and Markets
Unit 3

Competition and Markets

Perfect Competition Monopolistic Competition Oligopoly Monopolies Additional Practice and Review Read 152- 157 Everybody Wants to Rule the World Complete a 3-2-1 sheet for the article and bring to class Markets and Competition   image courtesy of:¬†https://www.flickr.com/photos/121083587@N03/13327657534/in/photolist-miHJfS

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Utility Theory and Government Interventions
Unit 3

Utility Theory and Government Interventions

Questions you should be able to answer: What are utils? How does total utility differ from marginal utility? Can you illustrate total and marginal utility using graphs? What is the paradox of value? Applications of Supply and Demand -Class Discussion: If markets can find equilibrium in supply and demand and allocate resources efficiently- why and […]

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