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This basic reference work provides practicing attorneys with an understanding of microeconomics and illustrates its legal applications. Diagrams, graphs, and charts are used liberally to support and clarify the text, but no special mathematical knowledge beyond algebra and, to a lesser degree, plane geometry is required. Cases and problems at the end of each chapter illustrate specific legal applications of the principles and concepts under discussion. Highly selective references direct the attorney to additional reading if in-depth information on a topic is required.