By Rosemarie Emanuele. Economics sometimes talks about markets as being similar to auctions. People decide on a “reservation price,” how much they are willing to pay for a product, and “bid” on it by either trying to buy the product or not buying it. This process continues until an equilibrium price, sometimes described as “Walrasian,” is reached. Read more...
1 juin 2015
Math Geek Mom: Go Cavs!
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