The organization of an economic system; Demand, supply, and market price under pure competition; Individual consumer demand: the utility approach; individual consumer demand: the indifference curve approach; Market classifications and the demand curve faced by the firm; The principles of production; Costs of production; Pricing and output under pure competition; Pricing and output under pure monopoly; Pricing and output under oligopoly; Pricing and output under monopolistic competition; Pricing and employment of resources: pure competition; Pricing and employment of resources: monopoly and monopsony; Resource allocation; Product distribution; Equilibrium; Linear programming.
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