Part IV: Delving into Markets, Market Failure, and Welfare Economics
by Manzur Rashid, Peter Antonioni, Lynne Pepall
Microeconomics For Dummies
- Cover
- Cover
- Introduction
- Part I: Getting Started with Microeconomics
- Part II: Doing the Best You Can: Consumer Theory
- Part III: Uncovering the Alchemy of Firms’ Inputs and Outputs
- Part IV: Delving into Markets, Market Failure, and Welfare Economics
- Chapter 11: Stepping into the Real World: Oligopoly and Imperfect Competition
- Chapter 12: Appreciating the Fundamental Theorems of Welfare Economics
- Chapter 13: The Monopoly Game
- Chapter 14: Examining Market Failure: Pollution and Parks
- Chapter 15: Understanding the Dangers of Asymmetric Information
- Part V: Thinking Strategically: Life Is Just a Game!
- Part VI: The Part of Tens
- Chapter 20: Meeting Ten Great Microeconomists
- Chapter 21: Top Ten Tips to Take Away
- Respecting Choice
- Pricing a Good: Difficult but not Impossible
- Competing on Price or Quality
- Seeking Real Markets’ Unique Features
- Beating the Market in the Long Run is Very Difficult
- Knowing a Tradeoff Always Exists Somewhere
- Arguing about the Next Best Thing
- Using Markets Isn’t Always Costless
- Believing that Competition is Good — Usually
- Getting Cooperation and Organization in the World
- Glossary
- About the Author
- Cheat Sheet
- Advertisement Page
- Connect with Dummies
- End User License Agreement
Part IV
Delving into Markets, Market Failure, and Welfare Economics
Find free articles on hundreds of topics at www.dummies.com.
In this part …
Find out why consumers love perfect competition but firms may not.
Get to grips with what welfare means in economics.
Discover why monopolies produce less for a higher price.
Understand how things change when one side of a market knows more than the other.
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