Class notes
Consumer's and producer's surplus and efficiency of perfect competition
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Uploaded on
20-06-2023
Written in
2022/2023
After reading this lesson, you will be able to: 1) Explain Welfare Effects of Price Control measures. 2) Discuss Maximum Price Policy (Ceiling Price) and Minimum Price Policy (Floor Price) 3) Explain Support Price Policy of Income Stabilization. 4) Describe Production Quotas. 5) Different tide between Allocative Efficiency and Production Efficiency under competitive Equilibrium. 6) Comment upon Indeterminateness of Perfectly Competitive Equilibrium. 7) Discuss Possibility of a Stable Equilibrium.
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Written for
- Course
- Masters in Economics
All documents for this subject (1)
Document information
- Uploaded on
- June 20, 2023
- Number of pages
- 23
- Written in
- 2022/2023
- Type
- Class notes
- Professor(s)
- Harsh gandhar
- Contains
- Masters in economics
Subjects
-
consumer surplus
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producer surplus
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effect of import tariff
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administered price
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maximum price poli
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analysis of perfectly competitive market
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efficiency of perfect competition
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welfare effects of excise tax
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