the people i need to know Flashcards
Adam smith
first real Morden economist
Grey Becker
people are rational machines who act in there own best interest
Danny conneman
train in psychology, behavioural economist
Arthur pigou
externality
John
this guy was the metal funds and finical markets theorist
things to know about the beer market
Notable mergers among the big ones.
highly different product
Feterbending
when you try to raise the number of people a firm has to supply
A two sided marke
A two sided market - is one in which teh company has two types of customers, the most common stetting will
Radio
Fundamentally what the business does is formulate a business that people will buy ads
Trade off - you run to many ads you drive away customers and if you run too few you could b leaving money on the table