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Microeconomics (year 2) > Chapter 10 > Flashcards

Chapter 10 Flashcards

1
Q

what is market power?

A

ability of a seller or buyer to affect the price of a good

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2
Q

what is marginal revenue?

A

change in revenue resulting from a
one-unit increase in output

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3
Q
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Microeconomics (year 2) (10 decks)

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