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demand curve和marginal ...
Why demand curve is horizontal in perfect competition? Explain why the supply curve for labor is upward sloping. Why is the area under the demand curve equal to the total expenditure? Explain why the long-run aggregate-supply curve is vertical. ...
3.7 Perfect Competition 1 08:05 3.7 Perfect Competition 2 09:20 3.7 Perfect Competition 3 08:00 4.1 Introduction to Imperfectly Competitive Markets 1 09:25 4.1 Introduction to Imperfectly Competitive Markets 2 07:21 4.1 Introduction to Imperfectly Competitive Markets 3 07:30 4.2 Monopoly ...
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Describe the supply curve of a perfectly competitive firm. Why is the demand curve of the firm under the perfect competition perfectly elastic? Describe the demand curve facing a monopoly and how it differs from that facing a firm in a perfectly competitive market. ...
andmonopolistic competitioncould only make profits in the short-run but not in the long-run. In the last section of the report, it provided a case of a Chinese monopolist in the railway service industry and talked about its pricing strategy when studying the monopolistic inelastic demand curve....
A monopoly refers to a type of market structure where a single firm controls the entire market. In this scenario, the firm has the highest level of market power, as it supplies the entire demand curve and consumers do not have any alternatives. As a result, monopolies often reduce output ...
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...
Competition:PerfectandOtherwise MonopolisticCompetition ManysellersSlightlydifferentiatedproductsEachsellermaysetpriceforitsownproduct Demand Quantitydemandedistheamount ofagoodthatbuyersarewillingandabletopurchase.DemandSchedule Price$0.00 0.501.001.502.002.503.00 Quantity121086420 DemandCurve Thedemandcurveisthe...
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:...