'Sr supply curve' presentation slideshows

Unit VI. i

Unit VI. i. Profits and Perfect Competition (Chapter 13). A C T I V E L E A R N I N G 1: Brainstorming. You run General Motors. List 3 different costs you have. List 3 different business decisions that are affected by your costs. 1.

535 views • 43 slides

Goals

374 views • 20 slides

Firm Behavior and the Organization of Industry

Firm Behavior and the Organization of Industry . Firms in Competitive Markets. Outline. What is a competitive market? How do competitive markets decide the quantity of production? When do firms decide to shut down and exit the market?

1.07k views • 18 slides

Ch 8: Profit Max Under Perfect Competition

Ch 8: Profit Max Under Perfect Competition. Three assumptions in p.c. model: 1) Price-taking : many small firms, none can affect mkt P by ?ing Q ? no mkt power; 2 ) Product homogeneity : each firm produces nearly identical product?

330 views • 18 slides