'Mc curve' diaporamas de présentation

Competition

Competition. Introduction. BREAD encourages tipping for kitchen staff. Impact of achieving goal: In the short-run life will be better for dishwashers. In the long-run, wages will decrease by full amount of tips so dishwasher take-home pay is not increased. Chapter investigates:

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Firms in Competitive Markets

13. Firms in Competitive Markets. What is a Competitive Market?. The meaning of competition Competitive market Market with many buyers and sellers Trading identical products Each buyer and seller is a price taker Firms can freely enter or exit the market. What is a Competitive Market?.

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Exercise 2.9

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