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MICROECONOMICS (10 PRINCIPLE OF ECONOMICS ((trade can make everyone better…

- - - - monopoly
        
        one seller, and seller controls price
      - oligopoly
        
        few sellers
        
        not always aggresive competition
      - perfect competition
        
        buyers and sellers are price takers
        
        products are the same
      - monopolistics competition
        
        slightly differentiated products
        
        each seller may set price for its own product
        
        many sellers
  - - - shifts in the supply curve
        
        technology
        
        ecpectations
        
        input prices
        
        number of sellers
  - - - shifts in the demand curve
        
        tastes
        
        expectations
        
        prices of related goods
        
        consumer in come
        
        number of buyers