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Unformatted text preview: short run v. long run: increasing/decreasing cost industries taxes: revenue, DWL social welfare: chapter 12 pareto optimality when is the market PO? Market Failures: chapter 18 assumptions of the market don't hold externalities: pos and negative Private v. social marginal benefit/cost optimal level v. market level DWL Public goods how to identify Game theory: chapter 6 def'n of a game solving for the nash equilibrium evaluating a nash equilibrium...
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This note was uploaded on 09/18/2010 for the course ECON 360 taught by Professor Andreaspape during the Fall '08 term at Binghamton University.
- Fall '08