The course starts with a discussion of different types of consumer preferences. The course also examines how different market mechanisms operate to allocate resources. The topics covered include utility maximization, demand and supply and market equilibrium, profit maximization, cost minimization, different forms of markets such as perfect competition, monopoly and oligopoly.
The course starts with a discussion of different types of consumer preferences. The course also examines how different market mechanisms operate to allocate resources. The topics covered include utility maximization, demand and supply and market equilibrium, profit maximization, cost minimization, different forms of markets such as perfect competition, monopoly and oligopoly.
The course starts with a discussion of different types of consumer preferences. The course also examines how different market mechanisms operate to allocate resources. The topics covered include utility maximization, demand and supply and market equilibrium, profit maximization, cost minimization, different forms of markets such as perfect competition, monopoly and oligopoly.
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