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Business - Microeconomics

    Chapter 14

    General Equilibrium Theory and Welfare Economics

    14.1 : Partial Equilibrium Analysis01:21

    14.1 : Partial Equilibrium Analysis

    Partial equilibrium analysis is an economic approach used to study the equilibrium condition in a single market or a specific sector, assuming that other ...

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    14.20 : First Welfare Theorem II01:29

    14.20 : First Welfare Theorem II

    Markets don’t always work perfectly. In theory, they should allocate resources efficiently, but real-world problems often get in the way. One major ...

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