Exam 1 Review - Exam 1 Review September Master subtitle...

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Click to edit Master subtitle style 2/11/11 Exam 1 Review September 23, 2010
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2/11/11 Market Price Determination Market Perfect competition Price taker Demand Quantity demanded Demand schedule Demand curve Ceteris paribus (“Other things being equal
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2/11/11 Market Price Determination Supply Quantity supplied Supply schedule Supply curve Equilibrium price Changes in supply and demand Supply shifters
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2/11/11 Market Price Determination Supply shifters Prices of inputs Technology Taxes and subsidies Expectations Number of firms in the industry
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2/11/11 Market Price Determination Demand shifters Prices of substitute goods Prices of complementary goods Consumers’ income Tastes and preferences Expectations Demographics Surplus
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2/11/11 The Firm as Production Unit Perfectly competitive market Perfectly competitive firm Objective of perfectly competitive firm Profit maximization Loss minimization Economic profit
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This note was uploaded on 02/10/2011 for the course AEB 3103 taught by Professor Cazanova during the Fall '08 term at University of Florida.

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Exam 1 Review - Exam 1 Review September Master subtitle...

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