517 Magazine Days of Giveaways

Externalities

While price control and price ceilings interfere with the functioning of the market and are often ineffective — as was...

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Market Power

With more sophisticated analytical tools, it can be shown that perfectly competitive markets yield the most efficient...

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Demand & Supply

In my previous column, I discussed the importance of supply – or sellers – side of a competitive market. This month, I’ll...

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