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Microeconomics > 8 The market mechanism, market failure and government intervention in markets > Flashcards

8 The market mechanism, market failure and government intervention in markets Flashcards

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Microeconomics (8 decks)

1 Economic methodology and the economic problem

2 Individual economic decision making

3 Price determinism in a competitive market

4 Production, costs and revenue

5 Perfect competition, imperfectly competitive markets and monopoly

6 The labour market

7 The distribution of income and wealth: Poverty and Inequality

8 The market mechanism, market failure and government intervention in markets

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