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Related lectures (32)
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Monopsony and Imperfect Competition
Discusses monopsony, labor market dynamics, and various market structures' impact on pricing and production decisions.
Imperfect Competition: Cartels and Oligopoly
Explores imperfect competition, cartels, and oligopoly dynamics in markets, analyzing pricing strategies and market outcomes.
Monopoly and Market Power
Delves into monopoly, market power, price discrimination, and labor market dynamics.
Market Dynamics: Social Welfare and Economic Models
Examines the interplay between market dynamics and social welfare, highlighting the roles of willingness to pay and willingness to accept in economic models.
Economic Innovations
Explores the economic impact of innovations, focusing on valuation, consumer surplus, and welfare effects.
State Interventions on Markets: Price Fixation and Taxation
Explores state interventions in markets, focusing on price fixation, taxation, and monopolies.
Market Regulation: External Benefits and Subsidies
Examines market regulation, focusing on external benefits and the effects of subsidies on equilibrium price and quantity.
Revenue Maximization: Introduction to Choice Models
Covers revenue maximization in choice models, pricing strategies, market competition, and a binary logit model example.
Supply Dynamics: Understanding Willingness to Accept
Explains the concepts of supply, willingness to accept, and market dynamics, focusing on production costs and elasticity of supply.
Market Failures and State Interventions
Covers market failures, state interventions, public goods, externalities, and natural monopolies.