Bài giảng economics: perfect competition

... Perfect Competition • The concept of competition is used in two ways in economics – Competition as a process is a rivalry among firms – Competition as the perfectly competitive ... market structure Competition as a Process • Competition involves one firm trying to take away market share from another firm • As a process, competition pervades the economy Competition as a ... f...

Ngày tải lên: 03/06/2016, 11:45

... any barriers to entry or exit, or can outsiders easily enter and leave this market?  Answers to these questions help us to classify a market into one of four basic types  Perfect competition ... Total Revenue and Total Cost Approach  Most direct way of viewing firm’s search for the profit-maximizing output level  At each output level, subtract total cost from total revenue to...

Ngày tải lên: 03/06/2016, 11:51

... 393 52 4 655 786 917 1048 1179 1310 $ 100 100 100 100 100 100 100 100 100 100 100 Total Variable Cost $ 90 170 240 300 370 450 54 0 650 780 930 Total Cost $ 100 190 270 340 400 470 55 0 640 750 880 ... 450 54 0 650 780 930 Total Cost 100 ] 190 ] 270 ] 340 ] 400 ] 470 ] 55 0 ] 640 ] 750 ] 880 ] 1030 Price = Total MarginalMarginal Economic Cost Revenue Prof./Loss 90 80 70 60 70 80 90 110 1...

Ngày tải lên: 26/09/2015, 15:28

... 2.2 Định lý kinh tế học phúc lợi Kinh tế học phúc lợi (Welfare economics) nhánh lý thuyết kinh tế quan tâm đến mong muốn xã hội trạng thái kinh tế khác a/ Nội dung định lý: Chừng kinh tế cạnh tranh ... CHÍNH PHỦ TRONG NỀN KINH TẾ THỊ TRƯỜNG VÀ ĐỐI TƯỢNG NGHIÊN CỨU CỦA MÔN HỌC KINH TẾ CÔNG CỘNG Chính phủ kinh tế thị trường Cơ sở khách quan cho can thiệp Chính phủ...

Ngày tải lên: 03/07/2014, 14:43

... 2.2 Định lý kinh tế học phúc lợi Kinh tế học phúc lợi (Welfare economics) nhánh lý thuyết kinh tế quan tâm đến mong muốn xã hội trạng thái kinh tế khác a/ Nội dung định lý: Chừng kinh tế cạnh tranh ... CHÍNH PHỦ TRONG NỀN KINH TẾ THỊ TRƯỜNG VÀ ĐỐI TƯỢNG NGHIÊN CỨU CỦA MÔN HỌC KINH TẾ CÔNG CỘNG Chính phủ kinh tế thị trường Cơ sở khách quan cho can thiệp Chính phủ...

Ngày tải lên: 04/07/2014, 21:20

... taking part in competitions like this? Why/ Why not? Do you hope to win a competition? 3.Is winning the most important thing in a competition? Why /Why not? Unit 6: COMPETITIONS Unit 6: COMPETITIONS ... group e/ Encourage or make something more active f/ Happening or done once every year Unit 6: COMPETITIONS Unit 6: COMPETITIONS Task 2: Answer the questions 1/ Who took p...

Ngày tải lên: 06/11/2014, 15:36

... CHAPTER 12 OUTLINE Chapter 12: Monopolistic Competition and Oligopoly 12.1 Monopolistic Competition 12.2 Oligopoly 12.3 Price Competition 12.4 Competition versus Collusion: The Prisoners’ Dilemma ... • Pindyck/Rubinfeld, 8e of 35 Chapter 12: Monopolistic Competition and Oligopoly Monopolistic Competition and Oligopoly ● monopolistic competition Market in which firms can enter fr...

Ngày tải lên: 25/11/2014, 12:56

... compete with other firms • oligopolies engage in a • game: • any competition between players (such as firms) in which strategic behavior plays a major role Game theory • set of tools used by economists, ... other firm will • firms are playing • a noncooperative game of imperfect information: • each firm must choose an action before observing rivals’ simultaneous actions Dominant strategy...

Ngày tải lên: 02/12/2014, 16:09

... CHAPTER 12 OUTLINE Chapter 12: Monopolistic Competition and Oligopoly 12.1 Monopolistic Competition 12.2 Oligopoly 12.3 Price Competition 12.4 Competition versus Collusion: The Prisoners’ Dilemma ... • Pindyck/Rubinfeld, 8e of 35 Chapter 12: Monopolistic Competition and Oligopoly Monopolistic Competition and Oligopoly ● monopolistic competition Market in which firms can enter fr...

Ngày tải lên: 02/12/2014, 16:10

... pairs to arrange a letter of replying which Miss Kieu Anh wrote to Viet Ha 43 Nguyen Chi Thanh St, Ba Dinh District Ha Noi, Vietnam 18th October,2 011 Dear Viet Ha, : A It starts at 8.00 a.m Contestants ... = A; = C,D 1.Heading Lý (writer’s address / date) Identify Opening 168 Phuong Lam St, Hoa Binh City, Vietnam 15th October,2 011 Dear Sir/ Madam, A LETTER OF REQUEST Người tham gia the...

Ngày tải lên: 27/06/2015, 19:00

... perfect competition) Elasticity depends on   number of rivals degree of product differentiation Short-Run Price and Output Determination Rules for Profit maximization same as under Perfect Competition ... excess capacity price does not necessarily equal MC Good feature  product variety Non-price Competition (ie competition not based on price) Product differentiation: Real and/or per...

Ngày tải lên: 26/09/2015, 15:28

Ngày tải lên: 19/01/2016, 20:51

... Overview From Wikipedia:  Environmental economics is a subfield of economics concerned with environmental issues  Environmental economics is distinguished from Ecological economics that emphasizes ... policy relating to environmental economics, see Runnals (2011) Overview Environmental economics is the subset of economics that is concerned with the efficient allocatio...

Ngày tải lên: 03/06/2016, 11:00