15.010 | Fall 2004 | Graduate

Economic Analysis for Business Decisions

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Buyers and sellers interact through exchange at the price/terms of trade.
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But what is a market, really? A place? A product or service? Which sellers? Which buyers? (Graphic by Professors Stoker, Doyle, Chapman, and Berndt.)
Buyers and sellers interact through exchange at the price/terms of trade.
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