Summary
Summary Theory of the Firm
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Pages
16
Uploaded on
19-05-2023
Written in
2022/2023
This document is a summary of market power: perfect competition, monopolistic competition, oligopoly, monopoly. It has comprehensive information on cost/revenue curves: ATC, AVC, AFC, MC, MC, AR. The pros and cons of economies of scale as well as the difference between external and internal EofS. There are real-world examples given in terms of natural monopolies.
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Written for
- Institution
- Bradford College
- Study
- Unknown
- Course
- International Trade
All documents for this subject (2)
Document information
- Uploaded on
- May 19, 2023
- Number of pages
- 16
- Written in
- 2022/2023
- Type
- Summary
Subjects
-
market failure
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market power
-
economics
-
theory of the firm
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monopoly
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oligopoly
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monopolistic competition
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perfect competition
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average cost
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marginal cost
-
revenue
-
economies of scale
-
natural monopoly
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