Chapter 8
Perfect Competition
完全競争
A perfectly competitive market is distinguished by several key characteristics, ensuring that no single participant has the power to unilaterally ...
完全に競争の激しい市場における需要曲線
In a perfectly competitive market, the demand curve faced by an individual firm is perfectly elastic, reflecting the firm's inability to unilaterally ...
完全競争における収益
In a perfectly competitive market, firms consider three ways to measure revenues: Total Revenue (TR), Marginal Revenue (MR), and Average Revenue (AR).
...
短期利益最大化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 ...
短期利益最大化II.
Determining the optimal production quantity is crucial for manufacturers and service providers alike, aiming to maximize profits in a competitive market. ...
シャットダウンポイント
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 ...
完全競争における短期供給曲線
Consider a small enterprise engaged in producing and selling lemonade, operating in a market among numerous other firms with similar ventures. This ...
ゼロ経済利益
Zero economic profit indicates a state where a firm's total revenue precisely matches its total costs, including both explicit and implicit costs. ...
長期競争均衡 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 ...
長期競争均衡 II
A long-run competitive equilibrium in the market is facilitated through the fulfillment of three crucial conditions.
Profit Maximization at Minimum Cost: ...
完全競争における長期供給曲線
In a perfectly competitive market within a constant-cost industry, the long-run supply curve is perfectly elastic. This means it's a straight ...
コスト産業の増加と減少における長期供給曲線
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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