Theory of Cost Part Four: Competitive Forces 9. Perfect Competition 10. Economic Efficiency 11. General Competitive Equilibrium Part Five: Monopoly Power 12. Monopoly and Regulation 13. Price Discrimination Part Six: Strategic Agent Interaction 14. Game Theory 15. Industrial Organization Part Seven: ...
One of the structural weaknesses in the Lebanese health care system is related to the fact that the role of the Ministry of Health has focused almost exclusively on the provision of services, while its role in prevention, planning and regulation remained limited. This is particularly true in lig...
Microeconomic theorystates that supply and demand get balanced by market forces at a specific price. If the demand goes up, the price also goes up. This has the effect of restraining the growth in demand. As a result, demand and supply reach a new balance at a higher price (seeFig. 2.1...