Describe economics and the economic perspective

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kinked demand curve is one the conventional model to studying the oligopoly structure. explain the essential elements of this model

Describe economics and Describe the "economic perspective" (or "economic way of thinking"), including definitions of scarcity, opportunity cost, purposeful behavior, utility, marginal analysis (benefits and costs), and how these concepts may be used in decision-making

Reference no: EM1348601

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