Introduction to economic analysis

... Netscape routinely use economic analysis to assess corporate conduct and to determine if their behavior is harmful to competition Stock market analysts rely on economic models to forecast profits... attempting to attract customers to their stores and inducing them to purchase bananas Price—exchange of goods and services for money—is an important allocation means, but price is hardly the only factor... transfers from one group to another Welfare analysis is another approach to evaluating government intervention into markets It is a normative analysis that trades off gains and losses to different individuals