In what way or ways are free-market outcomes, where supply equals demand, beneficial to society?
Prisoners’ dilemma is a non-cooperative game, while collusion is cooperative. What makes the difference.
What does the changing slope of the total cost curve reflect?
Why are the oligopolist firms interdependent? Discuss with reference to the kinked demand curve
What is the difference between the “demand” and the “quantity demanded” of a product?
Why scarcity causes tradeoffs?