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Some important concepts in a level microeconomics

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Colin Ong
Colin Ong

This will help you understand how to approach microeconomics for A Levels

EducationTechnologyEconomy & Finance
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Some Important Concepts in A level Microeconomics Colin Ong Tau Shien
Scarcity ,[object Object]
Opportunity Cost ,[object Object]
Static / Dynamic ,[object Object]
Price ,[object Object]
Elasticity ,[object Object],[object Object],[object Object]
Short run / Long run ,[object Object]
Efficiency and Equity ,[object Object]
Profit Maximisation ,[object Object]
Caveat Emptor ,[object Object]
Market Failure ,[object Object],[object Object]
Law of Diminishing Returns ,[object Object]
Information Asymmetry ,[object Object]
Barriers to Entry ,[object Object]

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Some important concepts in a level microeconomics