The Quiz on Chapter 9 in Colander and chapter 5 in Wheelan will be entirely OBJECTIVE.
1. Key concepts in the Wheelan chapter: asymmetry of information, adverse selection, discrimination (note the different kinds), branding, deductible, and racial profiling.
2. In Colander make sure understand the difference between accounting profit and economic profit. Also, make sure you know why the curves are shaped the way they are.
Posted on December 2nd, 2007 by cjanus
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