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HON 1302 (27)

All Educational Materials for HON 1302 at St. John's University

PRINCIPLES OF ECONOMICS II

Exam Study Guides for HON 1302

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HON 1302 Chapter Notes - Chapter 9: Price Discrimination, Efficient-Market Hypothesis, Economic Equilibrium
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Economics Textbook Chapter 9 – Monopoly The Monopoly Market Structure • Complete opposite of perfect competition • Corresponds only approximately to real-world industries Characteristics of a Monopoly Single...

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HON 1302 Chapter Notes - Chapter 10: Production Quota, Advantageous, Tacit Collusion
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Economics Textbook Chapter 10 Monopolistic Competition and Oligopoly The Monopolistic Competition Market Structure • Monopolistic Competition = a market structure characterized by many smal...

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HON 1302 Lecture Notes - Lecture 19: Customer Service, Marginal Revenue, Economic Equilibrium
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Microeconomics Review for Quiz #3 Includes material from Quizzes 1, 2, and 3 Supply and Demand 1. Consider the market for cars, which use steel in pr...

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HON 1302 Lecture Notes - Lecture 18: Monopolistic Competition, Perfect Competition, Single Market
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Microeconomics Monopolistic Competition  Common market structure o Most firms belong to this market type  Many firms produce a similar product o Differences in products may includ...

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HON 1302 Lecture Notes - Lecture 17: Profit Maximization, Marginal Revenue, Demand Curve
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Microeconomics Oligopolies Characteristic of an Oligopoly  Few large firms keep an eye on each other o How?  Read annual reports ...

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HON 1302 Lecture Notes - Lecture 16: Monopolistic Competition, Perfect Competition, Oligopoly
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Microeconomics Oligopoly and Monopolistic Competition Notes for Writing Papers  The first draft is never a good one, ALWAYS edit and write several drafts before deciding on a final draft...

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HON 1302 Lecture Notes - Lecture 15: Consent Decree, Sherman Antitrust Act, Clayton Antitrust Act
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Microeconomics Monopolies, Continued Which is Better for Society: Monopolies or Competition?  With competition, a larger output is produced at a lower price  With monopolies...

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[HON 1302] - Final Exam Guide - Everything you need to know! (59 pages long)
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[HON 1302] Comprehensive Final Exam guide including any lecture notes, textbook notes and exam guides.find more resources at oneclass.com Microeconomics ...

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HON 1302 Lecture Notes - Lecture 13: Marginal Revenue, Demand Curve, Economic Equilibrium
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Microeconomics Review of Quiz #2 Group Project Update: Reviewers will have about 10 days to review submitted PowerPoint project. Consider: - Does the content make sense? - W...

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HON 1302 Lecture Notes - Lecture 27: Marginal Utility, Perfect Competition, Marginal Revenue
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Microeconomics In-Class Review Review of Material from Quiz #1 Demand and Supply • Must have both supply and demand for a market • Demand r...

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HON 1302 Lecture Notes - Lecture 11: Marginal Revenue, Perfect Competition, Marginal Cost
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Microeconomics Reviewing Perfect Competition Market and a Firm in Perfect Competition Market Firm MC Price Price AC MR: AR: D 30 Quantity 200,000 Quantity For this esample o What is Total Revenue? Represented by the area u...

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HON 1302 Study Guide - Quiz Guide: Marginal Revenue
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Economics RCNICW Shoct for Quiz #2 COAS Rt CO that can be purchased based on a person s in Lome Margina thc addinonai revenue recicVCd by selling an nal unit of a product MarginaLCO Sis: the addinona cost of producing anot...

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HON 1302 Lecture 10: Chapter 12: General Equilibrium and the Efficiency of Perfect Competition
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Microeconomics Chapter 12 General Equilibrium and the Efficiency of Perfect Competition Class Announcement: Upcoming Quiz (date TBA) will be on Chapters 6, 8, and 12 Conditions for Perfect Competition 1. Many Buyers and Ma...

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HON 1302 Lecture 9: Chapter 8 and Intro to Chapter 12
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Microeconomics Chapter 8 and Intro to Chapter 12 Review Variable costs connected to variable input o Things you can change quickly o Part of short run costs Fixed costs o Need to be paid regardless of how much or how littl...

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HON 1302 Lecture Notes - Lecture 8: Marginal Revenue, Marginal Cost, Variable Cost
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find more resources at oneclass.com Microeconomics Chapter 8 - Short Run Costs and Output Decisions Symmetry between Revenues and Cost Definitions Definitions: ...

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