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4.1 Individuals, Firms, Markets and Market Failure > Micro Diagrams > Flashcards

Micro Diagrams Flashcards

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4.1 Individuals, Firms, Markets and Market Failure (10 decks)

4.1.1 Economic Methodology

4.1.2 Individual economic decision making

4.1.3 Price determination in a competitive market

4.1.4 Production Costs and Revenue

4.1.5 Perfect competition, imperfectly competitive markets and monopoly

4.1.6 The labour market

4.1.7 The distribution of income and wealth: poverty and inequality

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

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