What is an indifference curve and how does a preference map show… What is an indifference curve and how does a preference map showpreference? Explain what is affordable point on indifference curve?When a consumer chooses the combination of goods and services tobuy, what is she or he trying to achieve? Also, explain Substitution affects andincome affects on Consumer preferences?Explain the key distinction between technological efficiency andeconomic efficiency?Is the U.S. economy competitive? Is it becoming more competitiveor less competitive?What are the four market types? Explain the distinguishingcharacteristics of each and provide example for each.What are the two measures of concentration? Explain how eachmeasure is calculatedBusinessEconomicsMacroeconomics ECONOMICS ECON 101
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