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QUANTITY SUPPLIED: The specific (maximum) quantity of a good or service that sellers are willing and able to sell at a specific supply price. The emphasis here is on specific. Quantity supplied and supply price form a specific pair of numbers.
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Lesson Contents
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Unit 1: Intro |
Unit 2: Structure |
Unit 3: Behavior |
Unit 4: Analysis |
Unit 5: Evaluation |
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Oligopoly
- The first unit of this lesson, A Few Firms, begins this lesson with a look at the nature of oligopoly and how it is related to other market structures.
- In the second unit, Structure, we see how markets with a small number of large firms are structured.
- The third unit, Behavior, then looks at some of activities undertaken by oligopoly that are not seen in other market structures.
- In the fourth unit, Some Graphs, we use a few graphs to examine different ways that oligopoly firms interact in the production of output.
- The fifth and final unit, Taking Stock, then closes this lesson by considering the good and the bad of oligopoly and why it is often prone to government scrutiny.
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REAL GROSS DOMESTIC PRODUCT The total market value, measured in constant prices, of all goods and services produced within the political boundaries of an economy during a given period of time, usually one year. The key is that real gross domestic product is measured in constant prices, the prices for a specific base year. Real gross domestic product, also termed constant gross domestic product, adjusts gross domestic product for inflation. A contrasting measure is nominal gross domestic product, which does not adjust for inflation.
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BEIGE MUNDORTLE [What's This?]
Today, you are likely to spend a great deal of time browsing about a thrift store looking to buy either a solid oak entertainment center or a remote controlled ceiling fan. Be on the lookout for the happiest person in the room. Your Complete Scope
This isn't me! What am I?
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John Maynard Keynes was born the same year Karl Marx died.
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"The time to repair the roof is when the sun is shining." -- John F. Kennedy, 35th U. S. president
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DIDC Depository Institutions Deregulation Committee
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