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What is the main contribution of the game theory to Economics? What is the Tragedy of the Commons? Why does it happen? How can we
- What is the main contribution of the game theory to Economics?
- What is the Tragedy of the Commons? Why does it happen? How can we solve it?
- What is the elasticity of demand? How do people use it for business purposes?
- In June, Sketchers store sold 3500 pairs of shoes with an average price of $70. In July, they decided to have a sale, and the price went down to $50. It resulted in 7000 pairs of shoes sold. What is the elasticity of demand? What type of good is it?
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
