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What are three (3) economic concepts that you think you will remember from this "Micro Economics"...

What are three (3) economic concepts that you think you will remember from this "Micro Economics" course, (long) after the quarter is over?

I am looking for you to first identify and describe a concept, and then further discuss a specific way in which you will likely be able to apply the concept in your own life in at some point the future. Please divide them into three paragraph.

Thank you!

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