Publisher's Synopsis
Revised and updated to account for recent theoretical developments in industrial structure and strategy, this is a complete textbook for intermediate microeconomics courses. The mathematical interpretation of results lends rigour to its traditional strength: verbal and geometric presentation of key concepts. This edition features increased pedagogy, with chapter previews. Chapter summaries reinforce comprehension of the theoretical points, and questions at the end of Parts allow self-testing of understanding. Increased coverage of industrial organization and information economics and a substantially increased final part on General Equilibrium and Welfare cover externalities, public goods and public choice, is included.
