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Theory of the Firm
These are extremely comprehensive notes covering the Theory of the Firm, including Costs, Revenue, and Profits; the Objectives of the Firm, the Definition of Market Structure, Types of Barriers to Entry; Perfect Competition Model, Monopoly Model, Price Discrimination, Oligopoly (Kinked Demand Curve and Game Theory Models), Competition and Collusion in Oligopoly, Competition Policy in the UK and Europe. The notes also include an Example Essay on Monopoly and Efficiency and a Market Structures Re...
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- • 33 pages •
These are extremely comprehensive notes covering the Theory of the Firm, including Costs, Revenue, and Profits; the Objectives of the Firm, the Definition of Market Structure, Types of Barriers to Entry; Perfect Competition Model, Monopoly Model, Price Discrimination, Oligopoly (Kinked Demand Curve and Game Theory Models), Competition and Collusion in Oligopoly, Competition Policy in the UK and Europe. The notes also include an Example Essay on Monopoly and Efficiency and a Market Structures Re...