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Chap13 - Krugman and Wells Chapter 13 Steven J Haider EC201...

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Krugman Krugman and Wells and Wells Chapter 13 Chapter 13 Steven J. Haider EC201 Spring 2010
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EC201-13-p2 Overview Overview Chapter 9: discusses rational decision making (especially marginal analysis) Chapter 10: digs into the demand curve (a little) more Chapter 12: starts really digging into the supply curve by examining costs This chapter: moves from costs to perfect competition and the supply curve Defining perfect competition The firm’s production decision The industry supply curve Hold on—this may be toughest chapter….
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