A Primer on Microeconomics Second Edition Volume II

<b>This two-volume text represents a common sense approach to basic microeconomics.</b> <p>Economics far from being the dismal science offers us valuable lessons that can be applied to our everyday experiences. At its heart economics is the scientific study of choice and a study of economic principles allows us to achieve a more informed understanding of how we make our choices; whether these choices occur in our everyday life or in our work environment.</p> <p>Volume Two <i>Competition and Constraints</i> focuses on understanding how markets may operate; profit maximization; how real-world concerns may reduce efficiency; what corrective actions may be taken to prevent market failure and the implications of those actions. The goal is to provide a concise readable primer that extends the fundamentals of microeconomic theory to consider practical economic issues.</p>