What is an indifference curve and how does a preference map show

preference? Explain what is affordable point on indifference curve?

When a consumer chooses the combination of goods and services to

buy, what is she or he trying to achieve? Also, explain Substitution affects and

income affects on Consumer preferences?

Explain the key distinction between technological efficiency and

economic efficiency?

Is the U.S. economy competitive? Is it becoming more competitive

or less competitive?

What are the four market types? Explain the distinguishing

characteristics of each and provide example for each.

What are the two measures of concentration? Explain how each

measure is calculated