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Textbook Notes for Mu- Chun Chen

UC-IRVINEECON 20AMu- Chun ChenSpring

ECON 20A Chapter Notes - Chapter 1: Market Power, Opportunity Cost, Market Failure

OC1476432 Page
17
-> efficiency: when society gets most from its scarce resources. -> equality: when prosperity is distributed uniformly among society"s members. -> oppo
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UC-IRVINEECON 20AMu- Chun ChenSpring

ECON 20A Chapter Notes - Chapter 2: Scientific Method, Waterfall Model, Opportunity Cost

OC1476434 Page
19
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