单个厂商面对的demand curve由一条水平线(也就是产品价格)给出。当私人厂商面对水平的demand curve时,它不降低价格就能售出一单位额外的产量,每单位销售增加的总收益等于价格,也就是marginal revenue等于价格,而平均收入也等于价格,所以平均收益等于价格。所以perfect market competition条件下厂商的deman
Why is the firm's demand curve flatter than the total market demand curve in monopolistic competition? Describe the supply curve of a perfectly competitive firm. Why is the demand curve of the firm under the perfect competition perfectly elastic?
the market would not be in perfect competition. Therefore, the demand curve that each perfectly competitive firm faces is a horizontal line at the equilibrium price, as shown in above, even though the demand curve for the whole market is downward sloping. ...
True or false? In a perfectly competitive market, each firm faces a perfectly elastic demand curve.Question:True or false? In a perfectly competitive market, each firm faces a perfectly elastic demand curve.Elastic Demand:When demand is said to be elastic, a sligh...
答案解析: In a market of perfect competition an individual firm’s demand schedule is perfectly elastic (horizontal). 统计:共计107人答过,平均正确率65.42% 问题:进入高顿部落发帖帮助相似题型热门网课更多>> 论坛精华更多>> 题库APP下载更多>> 关注我们 微信号:gaoduntiku 登录手机注册 合作账户登录:...
Demand Curve under Perfect Competition UnderPerfect Competitionindustry demand is completely different from the individual firm demand. The industry demand curve is downward sloping. The price in the market is determined by the interactions of the forces of demand and supply. The point of intersection...
This makes the demand curve for a perfectly competitive firm's output perfectly elastic (horizontal line). Freedom of entry or exit means that capital and other resources are perfectly mobile and that it is not possible to erect barriers to entry. Perfect knowledge means that all firms operate ...
Distillers respond to decreases in the tax rate by increasing wholesale prices, which limits the state's revenue gain to only 13% of the incremental tax revenue predicted under the common assumption of perfect competition. The strategic response of noncompetitive firms to changes in taxation ...
Underperfect competition, the market price of goods or services is where there isno excess supplyandno excess demand. Economists can determine this point by merging two graphical representations of supply and demand: the demand curve and the supply curve. ...
2. Elasticity of demand For a company to exert market power, there must beinelastic demandfor its products. This means that regardless of the price of the product, there is a persistent need for the product. Companies can achieve an inelastic demand curve by providing unique products and servi...