Perfect competition, Microeconomics

Perfect competition:

The behaviours of firms in perfect competition. It should be noted that firms that fit into perfect competition model are very rare in real-life situations. The closer examples are found mostly in agriculture and extractive industries. Nevertheless, the model of perfect competition provides a standard with which the actual performances of firms in certain segments of our economy can be compared.

Posted Date: 1/2/2013 11:53:52 PM | Location : United States

Related Discussions:- Perfect competition, Assignment Help, Ask Question on Perfect competition, Get Answer, Expert's Help, Perfect competition Discussions

Write discussion on Perfect competition
Your posts are moderated
Related Questions
How to I calculate the break-even point per unit in dollar amount and then determine whether there will be a profit or loss? Such as if the fixed costs were $75000. The variable co

Intermediate Products: Products (which includes both services and goods) that aren't produced in order to be consumed, but somewhat are produced in order to be used in the producti

discuss the implications of various market structures(competitive and non-competitive) for price determination

different btn elesticity of demand and inelasticity of demand

what are the solutions to cost push inflation

The goal of sustainability requires that we address what three questions? The goal of sustainability needs that we address whether economic activities are financially sustainab

Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produc

Production without capital is hard for us even to imagine. Nature cannot furnish goods and materials to man unless he has the tools and machinery for mining farming forestry fishin

In the city of Gelato the market for ice cream is perfectly competitive. Aggregate demand for ice cream is: D(p) = 1200-25p where p is the price for one cone of ice cream. Al