Competition and the Market Productive Efficiency and Allocative (Economic) Efficiency Chapter 9 Topics to be Discussed Evaluating the Gains and Losses from Government Policies…
Part IV: Consumer Surplus Producer Surplus ECONOMICS What does it mean to me? READ Krugman Section 9, Modules 49, 50, 51 Mankiw Ch 7, 8. 9 VOCABULARY Willingness to Pay:…