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This week we introduced key concepts like elasticity, sunk costs, diminishing marginal satisfaction, fixed costs, variable costs, average costs and marginal costs. All these concepts
This week we introduced key concepts like elasticity, sunk costs, diminishing marginal satisfaction, fixed costs, variable costs, average costs and marginal costs. All these concepts relate to the Demand and Supply of your firm of interest, and these concepts are quantitative in nature. It could be nice if you could include some article that discuss demand elasticity values or costs for the firm you are interested in.
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