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Economics 1: Microeconomics > The market mechanism, market failure and government intervention in markets > Flashcards

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

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Economics 1: Microeconomics (8 decks)

Economic methodology and the economic problem

Individual economic decision making

Price determination in a competitive market

Production, costs and revenue

Perfect competition, imperfectly competitive markets an monopoly

The labour market

The distribution of income and wealth: poverty and inequality

The market mechanism, market failure and government intervention in markets

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