Foundations of Economics, 8th Edition

• Page, Larry, 524

• Part-time employment, 576

• Part time for economic reasons, 571

• Part-time workers, 571

• Patent, 405

• Patient Protection and Affordable Care Act of 2010, 312–313

• Payoff matrix, 470, 471–472, 474

• PayPal, 696

• Pencil manufacturing, 73

• Pension funds, 669

• People’s Bank of China, 897–899

• Perfect competition, 376

  • consumers and, 397

  • demand/price/revenue in, 377–378

  • efficiency of, 396

  • fairness of, 397

  • marginal revenue and, 377–378

  • monopolistic competition and, 445

  • outcome of, 465

  • price taker in, 377

  • supply decisions in, 380–381, 385

  • technological change in, 364

• Perfectly elastic demand, 116, 195–196

• Perfectly elastic supply, 126, 196

• Perfectly inelastic demand, 116, 195

• Perfectly inelastic supply, 126, 196

• Perfect price discrimination ...