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Chapter 7 (Externalities (Majority of economic activities cause an…
Chapter 7
Externalities
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The graph demonstrating the effects of externalities 
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Monopoly and duopoly
Monopoly the game is a great way to demonstrate how companies began to monopolize an industry.
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Price discrimination
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the action of selling the same product at different prices to different buyers, in order to maximize sales and profits.
for instance prices are lower for students to attract more buisness.
Public goods
police and fire rescue are examples of a public good
Police, fire department, national defense, highways
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Anti-Trust laws
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laws regulate buisness deals in order to help keep the market fair.
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