100+ Perfectly elastic supply curve PowerPoint (PPT) Presentations, Perfectly elastic supply curve PPTs

Perfectly elastic supply curve - PowerPoint PPT Presentation

Stephen Chiu University of Hong Kong

Stephen Chiu University of Hong Kong. Elasticity. Example 4.1. The Western tunnel, which has low travel, is now charging $50 per car. Should it reduce the toll to $40, say? Two factors for consideration. Its travel will increase. But the toll per car is lower.

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372 views • 37 slides

Perfect Competition

Perfect Competition. By Kayleigh Verney. The 5 characteristics to Perfect Competition. All firms are price takers All firms sell a homogeneous product A large number of buyers and sellers NO barriers to entry Perfect information. Farms!. Supply and Demand in PC. Profit Maximization.

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236 views • 17 slides

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Perfectly elastic supply curve - PowerPoint PPT Presentation

Stephen Chiu University of Hong Kong

Perfect Competition