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3rdMoment's avatar

I start with the "monopoly model" of a firm with downward sloping demand, choosing price such that MC=MR, and treating "price taking" as a special case. Then I do "competitive markets," teaching both perfect competition and monopolitic competition, with free entry driving profits to zero as the driving feature of both. Then later I talk about barriers to entry and deadweight loss. (This isn't 101 though, it's a second class more like intermediate micro.)

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Andre's avatar

Agree with your comments. The biases remain. In the approach of the discipline and it is maintained from years to years, from one generation to another...

A old history..

Then, it is difficult correct the biased view in Economics and this involve even the choices respect to the public policies, which is the typical conflict zone, from different person.

Our science. Although lost during the decades the adjective politics, remain a influenced from the political vision.

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