Textbook Notes for Alex Hohmann
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01:220:102 Chapter Notes - Chapter 15: Monopolistic Competition, Product Differentiation, Market Power
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Intro to microeconomics 15. 1 the meaning of monopolistic competition. Monopolistic competition - a market structure in which there are many competing
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01:220:102 Chapter Notes - Chapter 2: Comparative Advantage, Opportunity Cost
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Important examples: intro, a model is a simplified representation of a real situation that is used to understand real-life situations, the other things
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01:220:102 Chapter Notes - Chapter 1: Cash Register, Convenience Store, Pre-Medical
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Economics: principle 1: choices are necessary because resources are. Scare: a resource is anything that can be used to produce something, a resource is
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01:220:102 Chapter Notes - Chapter 2: Absolute Advantage, Income Distribution, Comparative Advantage
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Intro to microeconomics 2. 1 - models in economics: some important examples. Model a simplified representation of a real situation that is used to bett
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01:220:102 Chapter Notes - Chapter 6: Demand Curve, Midpoint Method, Normal Good
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Introduction to microeconomics 6. 1: defining and measuring elasticity. Price elasticity of demand - the ratio of the percent change in the quantity de
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01:220:102 Chapter Notes - Chapter 6: Full-Time Equivalent, Glossary Of Video Game Terms, Demand Curve
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