Insight Competitive Structures
-> Time: made of several period => Maximum profit levels: ; A.Perfect Competition: -> DEF: no market power for firms. -> PERFECT COMPETITIVE MARKET: market where firms are price-taker -> HP: + technology simmetry: the tecnologies are the same -> Firms are… …PRICE-TAKER: …DON’T VE EXTRA-PROFITS: -> In economics we consider the opportunity costs in […]
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