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演示文稿演讲PPT学习教学课件医学文件教学培训课件
Chapter 7
Market Structure:
Perfect Competition;Perfect Competition; Perfect Competition;Perfectly Competitive;Profit Maximization;Marginal Revenue;Determining the Amount of Profit Earned;The Shutdown Point;Long-run Adjustment: Entry and Exit; Long-run Adjustment;Optimum Scale of Production;Optimum Scale of Production;Managers have little or no control over product price
They compete on basis of lowering costs of production
Perfectly competitive firms earn zero economic profit because entry of other firms compete away excess profit;Other Competitive Markets;Managers in competitive industries can gain market power by
Merging with other companies
Differentiating products
Forming producer association to change consumer preferences and increase demand for output of the entire industry;Summary of Key Terms;Summary of Key Terms;Do you have
any questions?
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