Lecture Economics (6/e): Chapter 22 - Stephen L. Slavin-Kinh Te - Quan Ly

The objectives of this chapter are to introduce perfect competition. After studying this chapter you will be able to understand: The characteristics of perfect competition; the perfect competitor’s demand curve; the short run and and the long run; economic and accounting profits; decreasing, constant, and increasing cost industries. Chapter22PerfectCompetitionCopyright2002 by The McGrawHill Companies, Inc.All rights reserved.221ChapterObjectives•Thecharacteristicsofperfectcompetition•Theperfec

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Tải Lecture Economics (6/e): Chapter 22 - Stephen L. S... (.pdf)

Chapter

22

Perfect

Competition

Copyright

2002 by The McGraw­Hill Companies, Inc.

All rights reserved.

22­1

Chapter

Objectives

•

The

characteristics

of

perfect

competition

•

The

perfect

competitor’s

demand

curve

•

The

short

run

and

and

the

long

run

•

Economic

and

accounting

profits

•

Decreasing,

constant,

and

increasing

cost

industries

Copyright

2002 by The McGraw­Hill Companies, Inc.

All rights reserved.

22­2

Perfect

Competition

•

Is

the

first

of

four

competitive

modes

•

It

is

a

theoretical

model

that

does

not

exist

in

the

real

world

•

This

will

serve

as

the

standard

by

which

we

will

measure

the

next

three

competitive

models

–

Monopoly

–

Monopolistic Competition

–

Oligopoly

Copyright

2002 by The McGraw­Hill Companies, Inc.

All rights reserved.

22­3