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What determines the sale, the price for example? Substitution and Complementarity Elasticity, price elasticy, price cross elasticity, income elasticity, duty elasticity, subsidy elasticity. Connections between elasticities Heterogenenous and homogenenous market forms characterized by the number and size of actors of demand and of supply: Perfect competition, Monopolistic competition, Partly monopoly, Duopol, Oligopoly, Monopsony. Optimizing in different markets illustrated by examples and problems
Public impacts on production, especially related to environment Different public regulation in forms of duty, subsidy, maximum prices, impacts on externalities Public business economics, marginal cost pricing, cost benefit analyses Examples
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