'Run supply' diaporamas de présentation

Introductory Microeconomics (ES10001)

Introductory Microeconomics (ES10001). Topic 4: Perfect Competition & Monopoly. 1. Introduction. MR = MC rule requires knowledge of market structure One of the major influences on MR , and thus on its supply decision, is the degree of competitiveness the firm faces in the market.

1.43k views • 121 slides

Chapter 9

Chapter 9. PROFIT MAXIMIZATION. CONTENTS. The Nature of Firms Profit Maximization Marginal Revenue Short-Run Supply by a Price-Taking Firm Profit Functions Profit Maximization and Input Demand. The Nature of Firms. The Nature of Firms.

1.51k views • 94 slides

LABOR MARKET IN THE LONG RUN

LABOR MARKET IN THE LONG RUN. Long Run -- A period of time over which firms can enter and leave the market and existing firms can change all of their inputs including their production facilities;

802 views • 53 slides

Monopoly

Monopoly. A monopoly is a single supplier to a market This firm may choose to produce at any point on the market demand curve. Barriers to Entry. The reason a monopoly exists is that other firms find it unprofitable or impossible to enter the market

986 views • 29 slides

Perfect Competition - Price Takers

Perfect Competition - Price Takers. The individual firm produces such a small portion of the total market output that it cannot influence the price it charges for the product it sells.

535 views • 29 slides

Model of Perfect Competition

318 views • 8 slides