Description

Book Synopsis
Economics, far from being the dismal science, offers us valuable lessons that can be applied to our everyday experiences. At its heart, economics is the scientific study of choice and a study of economic principles allows us to achieve a more informed understanding of how we make our choices; whether these choices occur in our everyday life or in our work environment.

This two-volume text represents a common sense approach to basic microeconomics. Volume two, Competition and Constraints, focuses on understanding how markets may operate; profit maximization; how real-world concerns may reduce efficiency; what corrective actions may be taken to prevent market failure and the implications of those actions. The goal is to provide a concise readable primer that extends the fundamentals of microeconomic theory to consider practical economic issues.

A Primer on Microeconomics, Volume II: Competition and Constraints

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    A Paperback by Thomas M. Beveridge

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      View other formats and editions of A Primer on Microeconomics, Volume II: Competition and Constraints by Thomas M. Beveridge

      Publisher: Business Expert Press
      Publication Date: 30/09/2018
      ISBN13: 9781631577291, 978-1631577291
      ISBN10: 1631577298
      Also in:
      Microeconomics

      Description

      Book Synopsis
      Economics, far from being the dismal science, offers us valuable lessons that can be applied to our everyday experiences. At its heart, economics is the scientific study of choice and a study of economic principles allows us to achieve a more informed understanding of how we make our choices; whether these choices occur in our everyday life or in our work environment.

      This two-volume text represents a common sense approach to basic microeconomics. Volume two, Competition and Constraints, focuses on understanding how markets may operate; profit maximization; how real-world concerns may reduce efficiency; what corrective actions may be taken to prevent market failure and the implications of those actions. The goal is to provide a concise readable primer that extends the fundamentals of microeconomic theory to consider practical economic issues.

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