Principles of Microeconomics / Unit 17 MIC 1638 short lesson, about 20 seconds
Government's Other Tasks, Restated
Captions available
The idea
Antitrust measures concentration by the Herfindahl index and presumes against mergers above dated thresholds; natural monopolies priced at marginal or average cost. Inequality: the Lorenz curve and the Gini. Insurance can vanish through adverse selection; mandates or classification hold it.
In practice
Squared shares, a bowed curve, a premium spiral.
Where people slip
Every remedy has a second edge: capture, the poverty trap, moral hazard.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
Unlocks
- Nothing yet depends on this.
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