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Class Notes for HON 1302 at St. John's University (SJU)

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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 27: Marginal Utility, Perfect Competition, Marginal Revenue

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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 19: Customer Service, Marginal Revenue, Economic Equilibrium

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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 15: Consent Decree, Sherman Antitrust Act, Clayton Antitrust Act

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With competition, a larger output is produced at a lower price. With monopolies, a smaller output is produced as a higher price. With monopolies, there
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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 13: Marginal Revenue, Demand Curve, Economic Equilibrium

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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 7: Economic Equilibrium, Demand Curve, Equilibrium Point

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Important terms and concepts to remember for next exam (all exams are. Demand = a schedule of points representing quantities demanded at different pric
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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 16: Monopolistic Competition, Perfect Competition, Oligopoly

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The first draft is never a good one, always edit and write several drafts before deciding on a final draft. Have someone else look at your paper for a
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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 8: Marginal Revenue, Marginal Cost, Variable Cost

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Chapter 8 - short run costs and output decisions. Total revenue consists of all the revenues received by a firm: demand = revenue side of firm. Total c
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SJUHON 1302TomicSpring

HON 1302 Lecture 10: Chapter 12: General Equilibrium and the Efficiency of Perfect Competition

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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 18: Monopolistic Competition, Perfect Competition, Single Market

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Common market structure: most firms belong to this market type. Many firms produce a similar product: differences in products may include: Sellers have
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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 17: Profit Maximization, Marginal Revenue, Demand Curve

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Often there is one firm which is the largest and referred to as the dominant firm: has enough power to set the price. Two types of competition: 1) pric
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SJUHON 1302TomicSpring

HON 1302 Lecture Notes - Lecture 11: Marginal Revenue, Perfect Competition, Marginal Cost

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SJUHON 1302TomicSpring

HON 1302 Lecture 9: Chapter 8 and Intro to Chapter 12

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