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Microeconomics A Modern Approach
Description
Features
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Game Theory & Strategic Analysis: One of the major analytical tools used in the book is game theory. Chapter 11 introduces the fundamentals of game theory, illustrating how it can serve as a tool for strategic business analysis. Throughout the remaining chapters, game theory is used as a means of understanding the different strategies of the various parties to a situation.
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Nontraditional Chapters: Cutting-edge coverage includes several chapters not found in other texts, including the internal organization of the firm (Chapter 13), entry prevention (Chapter 20), and natural monopoly and the economics of regulation (Chapter 18). If these chapters do not fit the objectives of your course, you can skip them without hampering students'' understanding in future chapters.
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