[All Steps] For ANY 5 of the following, first identify or define the concept and then discuss (briefly) the importance of the concept to microeconomic theory
Question: For ANY 5 of the following, first identify or define the concept and then discuss (briefly) the importance of the concept to microeconomic theory and analysis. Be sure to include pretty pictures if they are useful in your discussion.
- Nash equilibrium
- Marginal Revenue Product OR Value of Marginal Product
- Demand
- Equilibrium
- Third degree price discrimination Book
E. Monopolistic competition
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