Price & Output Determination in Perfect Competition Economics

Описание к видео Price & Output Determination in Perfect Competition Economics

Price & Output Determination in Perfect Competition Economics

In this lecture we discuss perfect competition market structure and learn about the equilibrium of the firm in perfectly competitive market. We first compare the characteristics of perfect competition, monopoly and monopolistic competition, then discuss equilibrium conditions in short run and long run. We also derive supply curve of firm and industry in short run.
This lecture is the part of series of lectures on Principles of Microeconomics or Basic Microeconomics. Lets keep on learning economics together.

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#economicsforfinance
#microeconomics
#firmantuhan
#equilibrium

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