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Chapter 8

Perfect Competition

完美竞争
完美竞争
A perfectly competitive market is distinguished by several key characteristics, ensuring that no single participant has the power to unilaterally  ...
完美竞争市场中的需求曲线
完美竞争市场中的需求曲线
In a perfectly competitive market, the demand curve faced by an individual firm is perfectly elastic, reflecting the firm's inability to unilaterally ...
完美竞争中的收入
完美竞争中的收入
In a perfectly competitive market, firms consider three ways to measure revenues: Total Revenue (TR), Marginal Revenue (MR), and Average Revenue (AR). ...
短期利润最大化 I
短期利润最大化 I
The concept of profit maximization is fundamental to understanding how firms make decisions. Firms in these markets must accept the market price as it is ...
短期利润最大化 II
短期利润最大化 II
Determining the optimal production quantity is crucial for manufacturers and service providers alike, aiming to maximize profits in a competitive market. ...
关闭点
关闭点
A decision to shut down means that the firm is temporarily suspending production. The firm should continue production as long as it can cover its total ...
完全竞争中的短期供应曲线
完全竞争中的短期供应曲线
Consider a small enterprise engaged in producing and selling lemonade, operating in a market among numerous other firms with similar ventures. This ...
零经济利润
零经济利润
Zero economic profit indicates a state where a firm's total revenue precisely matches its total costs, including both explicit and implicit costs. ...
长期竞争均衡 I
长期竞争均衡 I
When firms in perfect competition reach a long-run competitive equilibrium, the market forces of supply and demand balance out. This leads to zero ...
长期竞争均衡 II
长期竞争均衡 II
A long-run competitive equilibrium in the market is facilitated through the fulfillment of three crucial conditions. Profit Maximization at Minimum Cost: ...
完全竞争中的长期供应曲线
完全竞争中的长期供应曲线
In a perfectly competitive market within a constant-cost industry, the long-run supply curve is perfectly elastic. This means it's a straight ...
成本递增和递减行业的长期供应曲线
成本递增和递减行业的长期供应曲线
The long-run supply curve in perfect competition behaves differently in increasing-cost and decreasing-cost industries. It's important to note that ...
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