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Supply and Demand

A market is defined as a group of buyers and sellers of a particular product or service. Competitive markets are mark…

Perfect Competition

Perfect Competition - In competitive markets there are: 1.     Many buyers and sellers - individual firms have littl…

Learning to learn

Your path for most effective learning is through knowing ·          your…

Production Possibilities Frontier

Production Possibilities Frontier - An example of a model is the Production Possibility Frontier (PPF). PPF is a gra…