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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Institution
Bradford College
Module
International Trade
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Written for
- Institution
-
Bradford College
- Study
- Unknown
- Module
-
International Trade
Document information
- Uploaded on
- May 19, 2023
- Number of pages
- 16
- Written in
- 2022/2023
- Type
- Summary
Subjects
- market failure
- market power
- economics
- theory of the firm
- monopoly
- oligopoly
- monopolistic competition
-
perfect competition
-
average cost
-
marginal cost
-
revenue
-
economies of scale
-
natural monopoly
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