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Economics Lecture Fourteen (view source)

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== Review: Different Types of Markets ==

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About 20% of the exam is devoted to questions about different types of markets, ranging from the most advantageous for the public (perfect competition) to the least advantageous (monopoly). The key to answering these questions correctly is to realize that the more competition there is, the lower the price of the goods and services and the lower the profits for the firms.

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== Review: Public Goods ==

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