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It has been more profitable for us to bind together in the wrong direction than to be alone in the right one. Those who have followed the assertive idiot rather than the introspective wise person have passed us some of their genes

Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable
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  • Mark

    Site author
    15 Sep 2026

    That's done Valli, thank you for letting me know about this.

    Unit 2.3: Competitive market equilibrium

  • Valli

    15 Sep 2026

    Hi, when I tried to access Class notes, I couldn't access Equilibrium; instead, another topic (Economic systems) is available. Could you please do the needful?

    Unit 2.3: Competitive market equilibrium

  • Mark

    Site author
    14 Sep 2026

    It is median income, that is what I meant so let me change that.

    Inequality

  • Mark

    Site author
    14 Sep 2026

    They are Kristina though I have seen the one in the response, with the explanation that it was a short run money supply curve. I would not award such a diagram full marks though. As for RWEs, they are necessary for part (b), just as in the 15-mark...

    Sample 1

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