Slide 1 HSPM J712 Oct. 7, 2009 Slide 2 Supply and Demand Supply side – sellers Fable of the marketplace – Free trading among people leads a social optimum Slide 3 Free…

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ECONOMICS 200 PRINCIPLES OF MICROECONOMICS Professor Lucia F. Dunn Department of Economics Market Structure • Refers to the degree of competitiveness in the market for…

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