Posted on 2019-12-14, by rizentrop.
In this introductory book, you will learn:•Terminology and methods of microeconomic analysis•The key determinants of market supply and how each impacts the prevailing supply•The key determinants of market demand and how each impacts the prevailing demand•How supply and demand interact to determine the outcomes for price and sales•Key market imperfections and how they impact outcomes•When and why greater productive efficiency and greater profitability come into conflict•“Maximum profits” does not mean “large profits”•Why there are better alternatives to direct price regulation in the forms of price ceilings and price floors•How and why the outcomes of commodity markets differ in significant ways from those of non-commodity markets•The consequences of price differentiation, monopolies, collusion, and externalities
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