Microeconomic Concepts
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| Microeconomics | show 🗑
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| Expenditures | show 🗑
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| Barter | show 🗑
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| show | Where money is exchanged for goods and services.
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| show | The amount of money that a company actually receives during a specific period.
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| show | Quantity purchased varies inversely with price.
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| show | Price and quantity supplied of a good are directly related to each other.
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| Shortage | show 🗑
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| Surplus | show 🗑
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| Price Floor | show 🗑
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| show | A government-imposed price control, or limit, on how high a price is charged for a product.
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| Limited Liability | show 🗑
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| show | Type of liability given to a sole proprietorship and partnership because the owner as well as the business can be sued.
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| Dividends | show 🗑
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| show | A market structure characterized by a single seller, selling a unique product in the market.
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| Oligopoloy | show 🗑
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| show | Many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.
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Created by:
lbarwick
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