Lecture Understanding economics (2nd edition): Chapter 5 - Mark Lovewell, Khoa Nguyen

Chapter 5 - Perfect competition. In this chapter you will: Consider the four market structures, and the main differences among them; learn about the profit-maximizing rule and how perfectly competitors use it in the short run; examine how perfect competitive markets adjust in the long run, and the benefits they provide to consumers.

Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, Perfect competition, Market structures