- firms should continue to produce as long as the price is above the AVC (average variable cost) - when the price falls below AVC, then the firm should minimize its losses by shutting down perfect vs imperfect competition - perfectly competitive firms are price takers, so demand is constant...
goods/services that are used collectively and no one can be excluded from using. Resource Immobility Land, capital, labor, and entrepreneurs do not move to markets where they can make the most money. 最好的學習方式。免費註冊。 註冊代表你接受Quizlet的服務條款和隱私政策...
用Quizlet學習並牢記包含Market structure、Barriers of entry、competitive markets等詞語及更多內容的單詞卡。
A market structure in which a large number of firms all produce the same product and no single seller controls supply or price. 點擊卡片即可翻轉 👆 1 / 20 emmagreene820 Top creator on Quizlet · 2年前建立 這個學習集的練習題 學習 ...
The most efficient market structure, because there are many firms, competing, price is determined by equilibrium, consumers have easy access to information, such as comparing prices Many producers, identical products, easy to enter the market, no control over price (a.k.a. price takers) ...
Therefore, she is planning to sell three-month futures contracts on the BRL. The seller of such contracts generally gains when the BRL depreciates against the USD. If Smith were to sell these future contracts, she would most appropriately be described as a(n):hedger.investor.information-...
Top creator on Quizlet · 3個月前建立 學生們也學習了 Fire Prev Chapter 1-3 38個詞語 本學習集中的詞語(69) secondary market where investors can buy and sell securities directly with one another. The depth and liquidity of the secondary market is one of the primary reasons that the US capit...
As long as inflation stays within the expected cyclical range, there should be little effect on stocks because both expected future cash flows (earnings and dividends) and associated discount rates rise/fall in line with the horizon structure of inflation expectations. Signs that inflation is moving...