Command
Majority Rule
Contest
Lottery
Personal Characteristics
Force
Marginal Benefit
Marginal Cost
Marginal Cost
Marginal Benefit
shows how the benefit from producing one more unit depends on the quantity that has already been produced
Consumer Surplus
the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it
Demand Curve
Supply Curve
Producer Surplus
Overproduction
Deadweight loss
Price Ceiling
Price Floor
Externalities
Monopoly