presentation我们的微观经济.pptVIP

LOGO Contents: The advantages and disadvantages of perfect competition Introduction of our team members Our topic Perfectly competitive market Perfect competition and efficiency A firm maximizes its profit in a perfectly competitive market Conclusion Our team members: Leader: 许梦娣 Member: 桑卡罗 高玉琳 李佳乐 罗莹 赵丽云 * Firms in Perfectly Competitive Markets MARKET STRUCTURE CHARACTERISTIC PERFECT COMPETITION MONOPOLISTIC COMPETITION OLIGOPOLY MONOPOLY Number of firms Type of product Ease of entry Examples of industries Many Identical High Wheat Apples Many Differentiated High Selling DVDs Restaurants Few Identical or differentiated Low Manufacturing computers Manufacturing automobiles One Unique Entry blocked First-class mail delivery Tap water 1 Many buyers and sellers The perfect competition is believed to be the most efficient for a market 2 3 All firms selling identical products No barriers to new firms entering the market 1 * The Market Demand for Wheat versus the Demand or One Farmer’s Wheat A Perfectly Competitive Firm Cannot Affect the Market Price Price taker The perfect competition is believed to be the most efficient for a market Point one : The productive efficiency ----- It refers to the situation in which a good or service is produced at the lowest possible cost For instance : the market for DVD players The perfect competition is believed to be the most efficient for a market 1 Many buyers and sellers The perfect competition is believed to be the most efficient for a market 2 3 All firms selling identical products No barriers to new firms entering the market . 1 Point two : Allocative Efficiency →firms will produce a good up to the point where the marginal cost of producing another unit is equal to the marginal benefit consumers receive from consuming that unit . →these statements are another way of say