LO1: Identify and explain the key ideas that defin

LO1: Identify and explain the key ideas that define economic way of thinking and the maximisation of scarce resources.

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LO1: Identify and explain the key ideas that define economic way of thinking and the maximisation of scarce resources.

LO2: Analyse how prices are determined in a market.

LO3: Compare and contrast the key characteristics of various market structures and market strategies adopted by firms in different market environments.

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