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TU BBS 1st Year Economics I Notes - WWW - Edunepal.info

This document contains notes from a 1st year economics course at Tribhuvan University in Nepal. It covers several key topics in microeconomics, including: - Definitions of economics and scarcity, and how scarcity leads to the problem of choice. - The determinants of supply and demand, and how equilibrium price and quantity are reached through the interaction of supply and demand. - The differences between perfect competition, monopoly, monopolistic competition, and oligopoly market structures. - How firms in each market structure make output decisions, and concepts like marginal revenue, marginal cost, and profit maximization.

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Samsher Ali
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0% found this document useful (0 votes)
9K views30 pages

TU BBS 1st Year Economics I Notes - WWW - Edunepal.info

This document contains notes from a 1st year economics course at Tribhuvan University in Nepal. It covers several key topics in microeconomics, including: - Definitions of economics and scarcity, and how scarcity leads to the problem of choice. - The determinants of supply and demand, and how equilibrium price and quantity are reached through the interaction of supply and demand. - The differences between perfect competition, monopoly, monopolistic competition, and oligopoly market structures. - How firms in each market structure make output decisions, and concepts like marginal revenue, marginal cost, and profit maximization.

Uploaded by

Samsher Ali
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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