Relacionar Columnas Microeconomics Module 8Versión en línea Yay! We love econ! It’s so much fun! por Sofia Silva 1 Single Price Monopoly 2 Tax Incidence 3 Exogenous Shock 4 Average Cost Curve 5 Pareto Efficient 6 Elasticity 7 Increasing Returns to Scale 8 Perfectly Competitive 9 Perfectly Price Discriminating Monopoly 10 Market Clearing Price A market with only one supplier and a set price for all consumers The effect of a 1% change in price on the quantity demanded The distribution of a tax across consumers and suppliers A price where there is no excess supply or demand A market equilibrium where a change in price or quantity would make either the supplier or the consumer worse off The zero-profit isoprofit curve A force outside of the market that influences supply and/or demand A market with one supplier where the price is unique to each consumer and maximizes the individual’s willingness to pay A market with a large number of buyers and sellers that can freely enter and exit. When production inputs double, output more than doubles
Crear