IB Economics HL (Chapter 7 full notes)
By: Ashley0825
본 문서는 제가 직접 작성한 Market structure 노트 입니다. 제가 가장 자신있어하는 과목 중 하나이며 제가 작성한 노트를 보고 공부하며 항상 시험에서 85-90% 이상의 점수를 받아왔습니다. 제 노트가 학생분들께 도움이 되시길 바랍니다.
[본문내용]
CHAPTER 7
THE THEORY OF THE FIRM 2: MARKET STRUCTURES
7.1 Perfect competition
Assumptions of the model
- Ø There is a large number of firms
: the large number means that each firm’s output is small in relation to the size of the market : it means that firms act independently of each other and the actions of each one do not affect the actions of the others - Ø All firms produce identical, or homogeneous products
: the products produced by the firms in each industry are identical (homogeneous) : it is not possible to distinguish the product of one producer from that of another - Ø There is free entry and exit
: any firm that wishes to enter an industry can do so freely as there is nothing to prevent it from doing so
: it can also leave the industry freely
: there are no barriers to entry into and exit from the industry
- 총 페이지수: 32 pages
- 과목명: Economics
- 주제: Chapter 7 노트
- The file is in PDF format.
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IB Economics HL (Chapter 7 full notes)
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