IB Economics HL (Chapter 7 full notes)

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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.




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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