31 - -Monopolistic Competition-Oligopolistic...

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Business 8/31/10 Adam Smith (1776) - Freedom is vital - “Invisible Hand Thomas Malthus (Early 1800’s -“Dismal Science” - Too many people John Maynard Keynes (1930’s) -Business investment fluctuates -Government must compensate during times of recession Competitive Enviorments within Free Markets -Perfect Competition
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Unformatted text preview: -Monopolistic Competition-Oligopolistic Competition-Monopoly Dangers of Free Markets?-Inequality of Wealth Causes national & world Microeconomics-The study of individual behavior (individuals, firms, and government agencies that compose the larger economy) and their willingness to produce (supply)...
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This note was uploaded on 12/16/2010 for the course BUS 101 taught by Professor Chavez during the Spring '08 term at Santa Barbara City.

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